Kim K vows to make Skims a billion-dollar business to rival Kylie’s makeup brand
Kim Kardashian has vowed to make Skims a billion-dollar business after its restocks racked up millions of dollars in minutes.
The global businesswoman was even forced to issue an apology to millions of shoppers who were left empty-handed on Wednesday after her restock was sold out almost instantly.
More than a million people were on the wait list for the highly-anticipated Skims restock, making Kim well on her way to make the brand rack up almost a billion dollars in the near future.
Superstar Kim Kardashian's new Skims collection makes millions within minutes of launch
Part of the reason it takes long for Skims products to get out to the world is because Kim’s brand produces its own fabric that is exclusive to the line, a source told TMZ.
The buzz following the solutionwear release line has even received a push from male consumers, as millions want to get their hands on the items.
While Kim's cosmetics and perfume collections have generated a massive response in the past, it's nothing compared to Skims, according to the source.
With Kim being on track to the billion-dollar mark, she is set to join sister Kylie Jenner ’s Kylie Cosmetics brand at the top, as well as husband Kanye West ’s Yeezy line – that is also valued over a billion dollars.
Earlier this year, Kylie, 22, was named the world's youngest self-made billionaire due to the staggering success of her Kylie Cosmetics line .
Her personal fortune is made up mostly from the healthy revenue she brought in from the company, which she owned outright until this week.
Billionaire Kylie Jenner swells her fortune to almost double by selling stake in cosmetic line
With her personal fortune tipping over the $1 billion mark, she has now almost doubled her worth by selling off a majority 51 per cent share in her company.
It was announced that beauty giant Coty had snapped up their stake in Kylie Cosmetics in a deal worth around $600 million.
It means Kylie could now be worth around $1.6 billion – propelling her towards the $2 billion mark.
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