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 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. London’s Armenian community has been left feeling “under attack” after the city’s Genocide monument was vandalised. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. Armenia to sing in 2nd semi-final of Eurovision The organizers of Eurovision 2024 have revealed the running order of the countries in the two semi-finals. |