How Kim Kardashian’s Shapewear Brand Skims Became a $4 Billion Powerhouse

The Business Strategy Behind Skims’ Billion-Dollar Rise

Financials

23 September, 2025

Table of contents

Introduction & Financials

Founded in 2019 by Kim Kardashian and entrepreneur Jens Grede, Skims has rapidly transformed the shapewear market into one of the most closely watched success stories in modern retail. Positioned at the intersection of celebrity influence, cultural inclusivity, and drop-driven merchandising, the brand has successfully redefined “solutionwear” as a mainstream fashion category. While many direct-to-consumer (DTC) brands have struggled to scale profitably, Skims has distinguished itself by building a resilient business model with global appeal.
From its early focus on shapewear, the company has evolved into a billion-dollar enterprise with product lines spanning loungewear, swimwear, and menswear, alongside a growing retail footprint. According to Bloomberg, Skims nearly doubled its net sales in 2023, reaching close to USD 1 billion compared with 2022, underlining its strong growth trajectory.

Investor confidence has reinforced this momentum. In 2023, the company secured USD 330 million in venture funding, an exceptional figure given the broader decline in U.S. venture capital activity. In July 2023, Skims closed a USD 270 million round led by Wellington Management, valuing the business at USD 4 billion, up from USD 3,2 billion in 2022. This valuation reflects not only revenue growth but also profitability potential: internal projections reviewed by industry experts suggested 2023 sales would rise 58% to USD 758 million with an adjusted EBITDA margin above 23%. The brand also reported a 76% year-over-year revenue jump in Q1, highlighting its momentum heading into 2024.

Radical Inclusivity & Product Integrity

What distinguishes SKIMS is not merely marketing rhetoric but a philosophy built into product design from day one. Kim Kardashian didn’t set out to launch a fashion empire but her goal was to solve a simple problem: existing shapewear couldn’t match her skin tone or fit her frame. That goal became the definition of the brand.

  • Size & Shade Inclusivity: SKIMS launched in September 2019 offering nine skin-tone shades and sizes ranging from XXS to 5X.

  • Uniform Pricing Across Sizes: Unlike many brands that charge extra for larger or “plus” sizes, SKIMS prices extended sizes at parity, making the full size range feel integrated rather than segregated.

  • Function Over Fantasy: The product focus has been on solutions. The aim is to make shapewear that works, basics that are comfortable, versatile loungewear and underwear pieces. The design aesthetic emphasizes stretch, comfort, skin-tone match, seamless lines.

The marketplace validated these choices almost immediately. At launch in 2019, SKIMS generated ~US$2 million in sales in minutes, and much of the initial inventory sold out almost instantly. In its first full year of operations (2020), SKIMS achieved approximately US$145 million in revenue.