Wednesday, 18 May 2011

Kim Kardashian's ShoeDazzle Gets $40 Million Investment.

Kim Kardashian is already ridiculously wealthy, having capitalized on her exotic looks and countless endorsements. But Kim is also a savvy business woman—and she just got a whole lot richer.

ShoeDazzle, the fashion subscription service she co-founded, is doing so well that the brand just received another injection of funds, to the tune of $40 million. The site, which boasts over three million subscribers and is credited with starting the subscription fashion craze, has attracted Andreesson Horowitz, an investor which also backs Twitter, Zynga and a little-known site called Facebook. Yes, Kim is playing in the big leagues now. The new funding will allow ShoeDazzle to expand its empire to the UK, Asia and South America, as well as increase its categories and product line.

If you thought Kim Kardashian would fade away after her 15-minutes was up, think again. Sounds like this pretty face is here to stay!

Source: WWD

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