Kim Kardashian's Skims Soars to $4 Billion Valuation, Announces Physical Store Expansion

Kim Kardashian's shapewear brand Skims has raised $270 million in a recent funding round, bringing its valuation to $4 billion. The company, which plans to open physical stores in Los Angeles and New York City next year, has seen rapid growth and profitability, with projected sales of $750 million this year. Skims has attracted investors due to its popularity and growth trajectory, and there is speculation about a potential future IPO. The brand's success has made it one of Kardashian's biggest ventures, and it has even been credited with saving a woman's life after she was shot while wearing a Skims bodysuit.