NEW YORK--(BUSINESS WIRE)--Jul 19, 2023--

MADRID A few weeks after saying it will curb its low emission zone (LEZ), the new right-wing coalition

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

Chipotle’s ‘Autocado’ takes the drudgery out of making guacamole.

VIDEO: Pablo Torre and Bob Ryan reveal all their beauty tips on Around the Horn.

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’

The president and CEO of Gucci is stepping down later this year

The Hollywood Vampires called off their concert and issued full refunds.

Football-lover Melanie C leads the all-female troupe on the footie anthem.

Country star Jason Aldean is standing by his song despite the music video being pulled from CMT and the backlash.

Zawe Ashton received valuable costume advice from fiancee Tom Hiddleston before taking on the part of villain Dar-Benn in superhero blockbuster 'The Marvels'.

Cillian Murphy has paid a glowing tribute to his co-star Florence Pugh for making a huge impact in such a small role.