Kim Kardashian's Skims Achieves $4 Billion Valuation

Kim Kardashian’s Skims , Is Now Valued at $4 Billion.<br />The company reached its newest <br />valuation after raising "$270 million in a recent funding round," 'USA Today' reports.<br />The shapewear brand was launched by Kardashian and Jens Grede just four years ago.<br />It has grown quickly, and we're so proud of that. We've had a really good flow of product launches, Kim Kardashian, via statement.<br />In addition to shapewear, the company now sells swimsuits and loungewear.<br />Men's clothing is expected <br />from the brand in autumn. .<br />Due to Skims' steady growth, the company intends <br />to open physical stores next year in Los Angeles <br />and New York City, 'USA Today' reports. .<br />Due to Skims' steady growth, the company intends <br />to open physical stores next year in Los Angeles <br />and New York City, 'USA Today' reports. .<br />Due to Skims' steady growth, the company intends <br />to open physical stores next year in Los Angeles <br />and New York City, 'USA Today' reports. .<br />Skims is on track to earn $750 million <br />in sales in 2023, up from $500 million <br />last year, says 'The New York Times.'.<br />Skims has maintained unprecedented momentum since the brand's inception. <br />We're thrilled to partner with the brand to support it through this pivotal growth stage, Michael Carmen, co-head of private investments <br />at Wellington Management, via statement.<br />Skims' success has raised questions about whether the company will go public.<br />At some point in the future, Skims deserves to be a public company, Jens Grede, chief executive of Skims, via statement