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What’s next for this West End Girl? With such a good eye for independent designers and archive pulls, expect the best of Lily Allen’s new era wardrobe. The round, announced on Wednesday, was led by Goldman Sachs Alternatives with participation from BDT & MSD Partners’ affiliated funds. “This milestone reflects continued confidence in our long-term vision and coupled with disciplined execution, positions Skims to unlock its next phase of growth,” Jens Grede, co-founder and CEO, said in a statement. “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,” co-founder and chief creative officer Kim Kardashian said. “We can’t wait to take Skims to the next level as we continue to innovate and set the standard for our industry.”I Get Mean When Im Nervous Like A Bad Dog Shirt
With the funding, Skims plans to fuel its physical retail and international expansion; the brand says that within the “next few years” it plans to be a predominantly physical business. The money will also be used for product innovation and category expansion, building on Skims’s recent commitment to both via its NikeSkims launch earlier this year. The company said Wednesday that it expects to surpass $1 billion in sales in 2025. Six years since its founding, investors are optimistic about Skims’s growth. “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,” Beat Cabiallavetta, global head of hybrid capital at Goldman Sachs Alternatives, said in a statement.
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