Greenberg Glusker Represented Skims in $240 Million Financing that Increased Company Valuation to $3.2 BillionJanuary 27, 2022 – Press Release
LOS ANGELES - Greenberg Glusker represented Skims as legal counsel in a $240 million series B financing round that increased the company’s valuation to $3.2 billion. Skims is a popular shapewear and loungewear brand co-founded by Kim Kardashian and Jens & Emma Grede in 2018.
The latest financing round was led by investment firm Lone Pine Capital and joined by investment firm D1 Capital Partners. Existing investors Imaginary Ventures, Alliance Consumer Growth and Thrive Capital also participated. SKIMS was last valued at $1.6 billion in April 2021 after Greenberg Glusker provided legal counsel for its $154 million series A financing round.
Greenberg Glusker’s deal team is led by Corporate Partners Katy Spillers and Eric Perlmutter-Gumbiner. Litigation Partner Bonnie Eskenazi handles Skims’ litigation matters. Greenberg Glusker has assisted Skims with forming the entity, each fundraising round since inception, high-stakes disputes, high-profile public relations issues, intellectual property, employment and more.