THE WHAT? Skims, co-owned by Kim Kardashian and Jens Grede, has secured $270 million in its latest fundraising, lifting the company’s valuation to $4 billion. This notable rise comes just a year after its valuation stood at $3.2 billion.
THE DETAILS? Skims began as a shapewear brand but has since diversified into various clothing categories, such as loungewear and swimwear, with men’s clothing on the horizon. Additionally, it’s transitioning from a direct-to-consumer model to physical retail, intending to open flagship stores in Los Angeles and New York City in the coming year.
THE WHY? Skims’ significant customer base and impressive growth attracted new investors, led by Wellington Management, with sights set on an IPO. The co-owners current challenges revolve around managing inventory as the brand expands and dealing with economic inflation, impacting discretionary consumer spending.
Buying aesthetics supplies typically involves sourcing these items from licensed distributors, manufacturers, or specialized suppliers who cater specifically to the needs of aesthetic professionals. These supplies are integral to performing aesthetic treatments aimed at enhancing skin appearance, addressing various skin concerns, and improving overall beauty and wellness.
Examples of aesthetics supplies include:
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Dermal Fillers: Injectable substances used to add volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
