Kim Kardashian, the renowned celebrity and entrepreneur, has once again made headlines with her remarkable shapewear brand, Skims. With a valuation of $3.2 billion, Kim Kardashian's Skims has captured the attention of the fashion industry and consumers alike. From dyeing her own shapewear in her bathtub to collaborating with business power couple Jens and Emma Grede, Kim Kardashian's visionary leadership has revolutionized the market. Today, Skims offers inclusive options in 10 skin tones and various sizes, solidifying Kim Kardashian's position as a dominant force in fashion.
Kim Kardashian's shapewear brand, Skims, with a value of $3.2 billion, had its humble beginnings in her bathtub. Despite her glamorous career in front of the camera and on red carpets, the origin story of Skims is far from glitz and glamour.
Throughout her career, Kim Kardashian struggled to find undergarments that matched her skin tone, as most brands offered limited options with only one or two shades. Consequently, she would find herself frantically attempting to darken her clothing with homemade remedies just before high-profile events.
In a recent interview with Time magazine, the 42-year-old reality star revealed, "I used to take my shapewear and dye it with tea bags and coffee in the bathtub." Determined to address this problem, she joined forces with the business power couple Jens and Emma Grede to expand the range of shapewear options. Skims was launched in late 2019.
The company's foundation is built upon inclusivity, offering bras, underwear, dresses, and various other products in 10 different skin tones and a wide range of sizes. Skims also introduced an adaptive line tailored to consumers with limited mobility.
Skims' success resonated with consumers, leading to a valuation of $3.2 billion in 2022 and recognition on the Time 100 Most Influential Companies list. While Skims thrives as a commercial success, Kim Kardashian primarily focuses on creative and marketing tasks, placing less emphasis on logistics, as she revealed in her interview with Time.
Her involvement includes actively participating in and often starring in photoshoots, approving fabrics and designs, and having tried on over 7,000 products. As Skims' creative director and largest shareholder, Kardashian has invested her own money into the company, though she expressed regret for not investing more.
Skims stands as Kim Kardashian's most successful business venture thus far. While she has supported multiple beauty lines, perfumes, a jewelry collection, and even a mobile game in the past, most of these ventures were profitable at some point but lacked a lasting impact, as reported by Time.
Skims played a pivotal role in Kim Kardashian's inclusion on Forbes' billionaires list in 2021, with a current net worth of $1.2 billion, largely attributed to Skims and her skincare line SKKN (formerly KKW Beauty), according to Forbes. Additionally, she launched the private equity firm SKKY Partners in collaboration with Jay Sammons, a former partner at the investment firm Carlyle Group, in the fall of last year.
Skims' recent valuation surpasses that of Kylie Cosmetics, with Kim's sister Kylie Jenner having sold a 51% stake in the brand in 2020. Notably, Spanx, one of the most well-known shapewear companies, was valued at $1.2 billion two years ago.
Reflecting on Skims' remarkable journey, Kim Kardashian told Time, "Obviously you have big hopes, but [Skims] definitely exceeded everything that I ever imagined. I still have, like, impostor syndrome, or whatever. But I think that's part of what keeps me going."
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