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Kim Kardashian's shapewear brand Skims hits $5bn valuation

Source: BBC

Osmond ChiaBusiness reporterGetty ImagesSkims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn.The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops and expand around the world."We can't wait to take Skims to the next level…

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Read the original source at BBC