Kim Kardashian's Skims brand now valued at $1.6 billionApril 10, 2021 - 11:58 AMT PanARMENIAN.Net - Reality star and businesswoman Kim Kardashian’s Skims raised $154 million in its latest funding round led by venture firm Thrive Capital to reach a $1.6 billion valuation, the shapewear label said on Friday, April 9, according to Reuters. The round also included funding from two existing investors, Imaginary Ventures and Alliance Consumer Growth. The TV personality’s lucrative businesses - makeup brand KKW launched in 2017 and Skims in 2019 - have gained popularity with young shoppers, and have been heavily promoted and sold online with the help of Kardashian’s social media huge following. Kardashian, who launched her career off the reality TV series “Keeping Up with The Kardashians,” was included in April for the first time on Forbes magazine’s list of the world’s billionaires. The latest funds would be used to expand into new categories and explore retail opportunities, including the expansion of its global retail presence, the company said. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |