“There’s a reason why the largest companies in the world are consumer companies,” added BAM’s Walsh. “When something hits a ...

The apparel giant is now valued at $5 billion after a new fund-raising round, as it continues to grow its business.

Skims, founded by reality TV star and entrepreneur Kim Kardashian along with Jens Grede, said on Wednesday it had raised $225 million in new capital, valuing the apparel company at $5 billion.

Kim Kardashian did not expect to turn as many heads as she did after her shapewear brand Skims unveiled its new faux hair micro string thongs.