Kim Kardashian's Skims Valued at $4 Billion After Latest Funding Round

Skims raised $270 million in a new funding round, increasing its valuation to $4 billion.
The company started as a shapewear brand but has expanded into loungewear, swimwear and plans to launch a men's line.
Skims is projected to reach $750 million in sales this year with millennials and Gen Z as key customers.
The company plans to open retail stores in Los Angeles and New York City next year.
With continued growth and new investors, Skims may pursue an IPO in the future.