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#KimKardashian’s underwear label Skims doubles its value to $3.2B🤯‼️ Big W or Big L⁉️🤔⬇️ According to The New York Post, Skims, the underwear brand founded by Kim Kardashian, said its market value has doubled to $3.2 billion over the past nine months amid surging sales. Last year, the company reported an increase in sales of 90% to $275 million. This year it projects sales to hit the $400 million threshold. The company said Thursday it has concluded a fresh financing round under the new, eye-popping valuation, netting $240 million in cash. “We see an opportunity with Skims to create our own category in retail, just like how we believe Lululemon and Starbucks created their own categories in their respective areas,” said Skims CEO Jens Grede. ➡️Follow @steez for more ‼️
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