According to reports, investment firm Wellington Management is currently in talks to invest in Skims, the underwear clothing company owned by Kim Kardashian, at a valuation of approximately $4 billion. These discussions are said to be centered around a significant commitment from Wellington, potentially marking Skims’ final round of fundraising before its anticipated public listing within the next year.

Skims was launched in 2019 and has quickly gained popularity for its range of bras, loungewear, and shapewear. The company primarily operates through its online store and retail outlets, directly reaching customers. Its success has been substantial, with a revenue of $500 million in 2022 and consistent profitability. Skims previously secured $240 million in funding last year, with hedge fund Lone Pine Capital leading the investment round. Notable investors include D1 Capital Partners, Thrive Capital, Imaginary Ventures, and Alliance Consumer Growth.

Kim Kardashian’s various businesses, including Skims and her makeup brand KKW, have gained immense popularity among younger consumers in recent years, largely due to her massive social media following. In addition to Skims, Kardashian is actively seeking investment for her private equity firm, SKKY Partners, which focuses on consumer and media investments. The firm was co-founded by Kardashian and former Carlyle Group Inc executive Jay Sammons.

As of now, neither Skims nor Wellington Management has provided any comment regarding the reported investment discussions. However, Women’s Wear Daily, an industry publication, had previously reported on Skims’ funding round, although it did not disclose Wellington’s involvement.

Useful links:
1. Skims Official Website
2. Business of Fashion Article on Skims’ Valuation