October 31, 2023
Kim Kardashian's SKIMS brand has entered into a multiyear partnership with the NBA, WNBA, and USA Basketball, making SKIMS the official underwear partner of these organizations. The deal includes increased media exposure on the league's platforms and on-court virtual ads during national broadcasts.
SKIMS, recently valued at $4 billion, has expanded its offerings to include a mens collection. The collection was launched with the participation of NBA All-Star Shai Gilgeous-Alexander. As part of the partnership, SKIMS and the NBA plan to collaborate at signature events such as the NBA All-Star weekend and the inaugural in-season tournament in December.
Since its launch in 2019, SKIMS has grown from offering shapewear to expanding into loungewear, including pajamas and sweatpants. In July, SKIMS closed a $270 million funding round led by Wellington Management.
In conclusion, the partnership between SKIMS and the NBA, WNBA, and USA Basketball solidifies SKIMS' position as a leading underwear brand. With increased media exposure and collaboration at key events, SKIMS is set to further expand its reach and influence in the industry.
Matteo "Teo" Bianchi, hailed as BettingRanker's "Data Dynamo", is the quintessential combination of a sports enthusiast and a numbers whiz. His meticulous research ensures bettors are always a step ahead, making him a cornerstone of the platform.