Kim Kardashian's shapewear brand Skims hits $5bn valuation

Kim Kardashian's shapewear brand Skims achieves a $5bn valuation after securing $225m in new funding, with plans to expand globally and open more stores. The investment, led by Goldman Sachs, is set to elevate Skims' position in the market amid intense competition, notably from rivals like Lululemon. Kardashian highlights the company's commitment to innovation and setting industry standards as they move forward with growth plans.