Skims hits $5bn valuation after major funding round

Kim Kardashian co-founded shapewear and loungewear brand Skims has reached a $5bn (£2.93bn) valuation after securing $225m (£132m) in fresh investment.
According to BBC News, the funding round, which includes backing from a Goldman Sachs investment arm, is one of the largest raised this year by a US consumer brand.
The business said the new capital will support an accelerated rollout of physical retail and further international expansion. “We can’t wait to take Skims to t