SKIMS BODY, INC. Announces Successful Completion of Equity Financing at $5 Billion Valuation
New York & Los Angeles, CA – November 12, 2025 – SKIMS has announced the successful completion of a $225 million capital raise, valuing the company at $5 billion.
The financing round was led by Goldman Sachs Alternatives with participation from BDT & MSD Partners’ affiliated funds. SKIMS plans to use proceeds from the investment to continue fueling its physical retail and international expansion efforts. SKIMS now has 18 owned retail stores in the US and two franchise doors in Mexico and is laying the groundwork to be a predominantly physical business over the next few years. The company will also use this infusion of capital to invest in product innovation and category expansion, solidifying the company’s strong position within intimates and shapewear while further scaling its presence within apparel and activewear. SKIMS’s recent launch of the NikeSKIMS brand, in partnership with Nike Inc., exemplifies the company’s commitment to pushing boundaries and delivering industry-leading innovation.
The brand is expected to exceed $1 billion in net sales in 2025, just six years after its inception.
“This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions SKIMS to unlock its next phase of growth,” said Jens Grede, Co-Founder and Chief Executive Officer, SKIMS.
“SKIMS stands as a solutions-driven apparel innovator, pioneering new categories and redefining everyday wear. We look forward to partnering with management to pursue significant opportunities and deliver disruptive, sustained growth,” said Beat Cabiallavetta, Global Head of Hybrid Capital at Goldman Sachs Alternatives.
“Today’s announcement validates the hard work of our incredible team and partners who have helped us reach this exciting new chapter, becoming a global omnichannel retail brand. We can’t wait to take SKIMS to the next level as we continue to innovate and set the standard for our industry,” said Kim Kardashian, Co-Founder and Chief Creative Officer, SKIMS.
“We are pleased to support SKIMS in its continued growth and success, and to partner with founders who combine creativity with strong business leadership. Our investment reflects BDT & MSD’s commitment to backing exceptional entrepreneurs building enduring, innovative brands,” said Greg Olafson, President & Co-Chief Investment Officer, BDT & MSD.
About SKIMS
Co-founded in 2019 by Kim Kardashian and Jens Grede, SKIMS is redefining women’s underwear, loungewear, and shapewear and setting new standards by offering solutions for every body. From technically engineered shapewear that enhances curves to underwear that stretches to twice its size, the brand is committed to continuous innovation and advancing the industry.
SKIMS is available directly through SKIMS.com and permanent store locations in New York, Los Angeles, Georgetown, Aventura, Austin, Houston, Atlanta, Boca Raton, Paramus, Las Vegas, Bloomington, Palo Alto, Tysons, Mexico City, and select retailers globally listed here.
About Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.5 trillion in assets under supervision globally as of September 30, 2025. Follow us on LinkedIn.
About BDT & MSD
BDT & MSD Partners is a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. The firm is distinguished by its decades of experience advising at the intersection of founders, families, and businesses, as well as by its differentiated capital base and culture of aligned investing. Its funds are managed by its affiliated investment advisers. For more information, visit www.bdtmsd.com.
Contacts:
Goldman Sachs
Victoria Zarella
(212) 902-5400
Victoria.Zarella@gs.com
BDT & MSD
Sara Evans / Brooke Jaye
(312) 529-6548 / (212) 303-4638
communications@bdtmsd.com
SKIMS
Tracy Romulus
media.relations@skims.com
Matthew Sherman
(212) 355-4449
SKIMS-JF@joelefrank.com