Armed with venture capital, Skims and Kim Kardashian write their 'second chapter'

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Kardashian's celebrity shapewear brand raked in $330 million in venture capital funding last year, the second-highest among L.A.-area companies. Retail stores are next.

Kim Kardashian was already a successful celebrity businesswoman when she launched Skims five years ago. But more often than not, she simply had attached her name to a string of existing companies: QuickTrim supplements, Carl’s Jr. salads, Skechers Shape-Ups, Sugar Factory confections, Midori liqueur, Silly Bandz bracelets, Beach Bunny swimwear, and so on.

It sells some accessories and clothing for kids, and this year will open bricks-and-mortar stores in several cities including a flagship location in Los Angeles. “Skims has evolved into becoming a brand that can provide comfort for all audiences, not just for women,” Kardashian, 43, said when announcing the menswear line. The company’s swift rise was undoubtedly fueled in part by Kardashian’s name and marketing prowess.

 

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