Kim Kardashian's Skims brand may be valued at almost $4B during its ongoing funding round.

 

Kim Kardashian's Skims brand may be valued at almost $4B during its ongoing funding round.  The valuation would come ahead of the company's planned IPO, which is set to take place in the next six to 12 months. Skims launched in 2019 and specializes in women's underwear, loungewear, and shapewear.  The brand is expected to generate almost $1B in sales with a growth rate of about 100%. Skims aims to transform its brand from a D2C model to a brick-and-mortar business. The brand already sells its products at select department stores and temporary pop-up shops in various locations.