Kim Kardashian’s Skims is now worth $4bn
Kim Kardashian’s shapewear company Skims is now worth US$4bn (approximately £3.09bn) after a new funding round raised US$270m (£209m). This makes Skims a unicorn company four times over. A unicorn company refers to startup companies with a value of more than $1bn. The company, co-owned by Kardashian, 42, and her business partner Jens Grede, plans to announce its new valuation today (Wednesday 19 July), according to the New York Times. Its previous valuation given by investors was $3.2bn. The reality TV star, best known for starring in 20 seasons of Keeping Up With The Kardashians and The Kardashians, said in an interview: “It has grown quickly and we’re so proud of that. We’ve had a really good flow of product launches.” Kardashian launched Skims in 2019 as she wanted to create shapewear that fits her own skin tone and body type. The brand has since released numerous ranges, including loungewear, maternity wear and swimwear. In 2021, the success of the brand increased Kardashian’s net worth to US$1bn, which earned her a spot on Forbes’ World Billionaires List. Last year, when Skims hit its US$3.2bn valuation, it was estimated that Kardashian became US$600m richer. The company secured US$240m in a funding round led by hedge fund Lone Pine Capital, as well as previous investors. Grede, who is Skims’s chief executive, said in an interview that the company was now profitable and on track for US$750 million in sales this year, up from US$500 million in 2022. Grede said nearly 70 per cent of the company’s overall customers are millennials or Gen Zs, while about 15 per cent of the company’s online customers come from outside of the US. Over the last year, he said that 11 million people have joined waiting lists to buy the brand’s most popular items, which regularly sell out. Skims’ bestseller products include its viral “seamless sculpt bodysuit”, which comes with extra compression at the core and waist areas to create a “figure-enhancing” look. The product description says the bodysuit will “flatter your bust, and rounded butt pockets for a lifted look”. Another bestseller is the “soft lounge long slip dress”, a basic maxi slip dress with a body-hugging fit. For a recent collection launched by the brand, British singer-songwriters Raye and PinkPantheress were enlisted to promote it, along with Bronx rapper Ice Spice. The Kardashian family are also responsible for a myriad of viral beauty and fashion companies. Kim also owns a skincare brand named SKKN BY KIM, which sells a nine-product step-by-step routine for “radiant skin”. Kim’s half-sister, Kylie Kenner, is the founder of beauty brand Kylie Cosmetics, which sells makeup and skincare products. Meanwhile, Khloe Kardashian is the co-founder of Good American, a self-claimed “fully inclusive fashion brand” and Kendall Jenner owns the alcohol brand 818 Tequila. Read More Between Brexit and Covid, London’s food scene has become a dog’s dinner – can it be saved? Influencer Annabelle Ham dies at age 22: ‘A light to the world’ Cruise line apologises after passengers witness dozens of pilot whales being slaughtered Woman claims Skims bodysuit ‘saved’ her life after she was shot four times TikTokers are showing off pink outfits they’re going to wear to watch Barbie movie Florence Pugh’s fans praise star for saving Emily Blunt from wardrobe malfunction
2023-07-19 21:17
Autocado: Chipotle’s New Guacamole Robot Cuts, Cores, and Peels Avocados
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2023-07-19 21:16
Jamie Lee Curtis is working on a new children's book, 'Just One More Sleep,' for January publication
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2023-07-19 20:47
Gemma Atkinson gives birth to second baby with Strictly Come Dancing’s Gorka Marquez
Gemma Atkinson has given birth to her second child with Strictly Come Dancing professional dancer Gorka Marquez. The former Emmerdale actor, 38, announced on Instagram that she and her fiancé had welcomed a baby son, whom she called “utterly wonderful”. Writing on her Instagram Stories on Wednesday morning (19 July), Atkinson told her 1.8m followers: “Little man is here! He arrived safe and sound and he’s utterly wonderful. “We’re all home together soaking up this lovely little bubble before Gorks has to leave for Strictly rehearsals next week.” She added: “Thank you for all the lovely well wishes. Our family is complete.” Her partner Marquez shared the same message on his own Instagram page. The couple, who already share a three-year-old daughter, Mia, met when Atkinson appeared on Strictly Come Dancing as a celebrity contestant in 2017. Though they were not coupled up on the dancefloor, the pair started dating after the show wrapped. When Atkinson gave birth to their first child, Mia, in 2019, she needed an emergency c-section and suffered a haemorrhage after the birth, losing nearly a litre of blood. Following the experience she said she was initially “adamant” that she and Marquez would not want another child. “All these things were going through my mind, what did I do that caused all that to happen? I was telling myself for weeks and weeks I’d failed at childbirth,” the actor told Channel 4’s Steph’s Packed Lunch last year. “I was having horrible dreams that someone was going to take Mia from me. I remember my mum running into my bedroom and I was sat up screaming, sweating.” Atkinson added that a woman approached her and her mum when she was out with Mia one day and said: “Oh I believe it [the birth] wasn’t a success was it, you know, what happened?” Atkinson’s mother replied: “It was a huge success, Mia’s there, Gemma’s here, total success.” “Something clicked in me then,” Atkinson said of the exchange. “My body had done me proud because it had recovered and got me through. “I’m at the stage where I want a sister or brother for Mia. The first few months of Mia’s life, I kept saying to my partner, Gorka, ‘I’m not going through that again’. I’ve now come out of it and I feel I could.” According to the Birth Trauma Association (BTA), around 30,000 women per year experience birth trauma in the UK. The radio presenter said at the time that she met with a psychotherapist to learn more about birth trauma and how women can be helped through it. “It was strangely comforting speaking to the women, it makes you feel like you’re not on your own, you’re not the only person who had a difficult labour,” Atkinson added. Read More Influencer Annabelle Ham dies at age 22: ‘A light to the world’ Cruise line apologises after passengers witness dozens of pilot whales being slaughtered Groom sparks backlash over wedding prank he pulled on his bride: ‘Huge red flag’ Nearly half of women feel ‘too unfit’ to enjoy exercise this summer – how to overcome fitness fear Anorexic woman, 47, who wants to die may soon be able to under Canadian law Mindy Kaling shuts down weight loss question as ‘people take it so personally’
2023-07-19 20:23
Reunion profile
Provides an overview of Reunion, including key facts about this French Indian Ocean territory.
2023-07-19 19:52
Gucci's CEO is stepping down as its French parent shakes up leadership
The president and CEO of Gucci is stepping down later this year
2023-07-19 19:25
Make this Middle Eastern lamb shoulder for your next Sunday roast
A crowd-pleasing dish to serve up for a family meal or dinner party, Imad Alarnab’s Kataf Ghanam recipe hails from Syria. Kataf Ghanam (lamb shoulder) Serves: 4-6 Ingredients: For the marinade: 5 garlic cloves, grated 2 tbsp smoked paprika 1 tbsp mild Madras curry powder ½ tbsp ground black pepper 3cm piece of fresh ginger, grated 1 tbsp baharat (a spice mix blend) Juice of 1 lemon 1 tbsp tomato purée 2 tbsp red pepper paste Good pinch of salt 150ml olive oil For the lamb: 1.5-2kg lamb shoulder, bone in 10 garlic cloves, peeled 4 sprigs of thyme 4 sprigs of rosemary Method: 1. Mix together all the marinade ingredients in a large container. Rub the marinade all over the lamb so it’s completely covered. Cover and marinate in the fridge for a minimum of 4 hours, ideally overnight. 2. When you’re ready to cook, preheat the oven to 160C/fan 140C/ gas 3. 3. Take the lamb from the fridge, then get a high-sided oven tray and line with a layer of foil and a layer of baking paper, large enough to cover the lamb. Add the garlic and herb sprigs to the middle, followed by the lamb and all the marinade (you can also add onions, carrots or potatoes at this stage, if you like). Fold the foil and baking paper over the lamb like a parcel, then flip it over and wrap it again in another layer of foil so the lamb is tightly wrapped and there are no gaps. We want to cook the lamb in its own juices, so it’s really important that it’s completely covered at this stage. 4. Place in the oven and cook for 4 hours or until the meat is falling off the bone. Remove from the oven, unwrap, increase the temperature to 200C/fan 180C/gas 6 and roast until browned on top. Serve with kabsa rice or plain bulgur. ‘Imad’s Syrian Kitchen’ by Imad Alarnab (HQ, £26) Read More The National Portrait Gallery’s new restaurant is fabulous upgrade The dish that defines me: Alex Outhwaite’s Vietnamese bun cha 3 TikTok-approved recipes for picnic season Imad Alarnab: In Calais’ Jungle refugee camp, food restored our faith It’s easier to make baklava at home than you might think Get set for Wimbledon with top pastry chef’s strawberry recipes
2023-07-19 19:23
Edmunds compares: Kia Telluride and Mazda CX-90
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Chef Andrew Zimmern Is Fighting Hunger Caused by Climate Change
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2023-07-19 17:56
Where to buy Barbenheimer t-shirts
Greta Gerwig’s Barbie and Christopher Nolan’s Oppenheimer are to be released in cinemas on the same day, 21 July - with cinema fans excited to attend the double feature. When it was announced that both films were coming out on the same day, this information thoroughly entertained the internet given how they are opposite to one another. Barbie with its pink aesthetic, with musical and comedic moments, compared to the seriousness and black aesthetic of Oppenheimer as it's all about the development of the atomic bomb. Sign up tBarbenheimer our free Indy100 weekly newsletter As a result, the mash-up term "Barbenheimer" was coined as people posted various memes about the two films, and now there is even fan-made merch available. Margot Robbie herself has commented on the craze, telling Grazia at the Barbie London premiere: "I saw an amazing mock-up of a Barbenheimer poster today online and I want to get it made into a t-shirt and maybe somehow get Cillian Murphy to sign that t-shirt." Here are some TikToks and tweets of our favourite designs: While people have been sharing their excitement at buying Barbenheimer t-shirts, others couldn't help but notice advertisement bots on Twitter and expressed their annoyance at them popping up under tweets. Where can I buy a Barbenheimer t-shirt? There are various design styles on Redbubble - an online marketplace for print t-shirts where users can submit their artwork and get it printed according to demand. Meanwhile, other designers often put their products up on Etsy, as well as on Printerval where the ‘Limited Barbenheimer Vintage T-Shirt’ is available to purchase. There are plenty of different options, so you're ready for Barbenheimer day on July 21. Elsewhere, 20 of the best Barbenheimer memes, reactions and mashups, our Barbie vs Oppenheimer quiz and The 'Barbenheimer Effect' dating trend explained. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-19 17:19
Heatwave: Italy's major cities on red heat alert
Parts of Sardinia and Sicily will be the hottest in Europe with highs of 46C or 47C.
2023-07-19 16:54
Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations
Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu
2023-07-19 16:48