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Fortune
Fortune
Allie Garfinkle

Kim Kardashian’s Skims draws $5 billion valuation in reminder that, for the best consumer companies, there’s always a market

Kim Kardashian visits the Skims Summer Pop-Up Shop in the Channel Gardens at Rockefeller Center on May 16, 2023 in New York City. (Credit: Photo by Kevin Mazur/Getty Images for SKIMS)

As is the case with any great consumer brand, it’s difficult to completely explain the power of Skims. 

But as a millennial woman, I can tell you that the grip is there. One of my best friends and I not only actively pay attention to Skims collaborations and drops, but send links back and forth in real-time. We’re deciding not if we’re buying something, but what. And on my 30th birthday, I told everyone who would listen: All I want is to sit on the beach and wear a sweatsuit Kim Kardashian made. 

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