Kim Kardashian.Photo: Mark Sagliocco/WireImageKim Kardashianis expanding her ever-growing résumé once more.TheSKIMSfounder, 41, is launching a new private equity firm alongside a former partner at Carlyle Group Inc., Jay Sammons,The Wall Street Journalreported Wednesday.Dubbed SKKY Partners, the firm will make investments in areas like consumer-media and entertainment businesses, consumer products, luxury, hospitality and digital commerce and media, the outlet explained.Accordingto a post froman Instagram account for the company, the firm will focus “on both control and minority investments in high-growth, market-leading consumer and media companies.“WSJreported that Sammons has a longtime relationship with both Kardashian and her mother/manager,Kris Jenner, and approached the duo earlier this year about starting the firm. Sammons toldWSJthat Jenner, 66, will join SKKY as a partner.SKKY Partners did not immediately respond to PEOPLE’s request for comment.Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories.Kardashian toldWSJthat she was attracted to the idea of starting the firm because of the chance to work closely with entrepreneurs to help them build up their companies.“The exciting part is to sit down with these founders and figure out what their dream is,“The Kardashiansstar explained. “I want to support what that is, not change who they are in their DNA, but just support and get them to a different level.“While the firm has yet to make any investments thus far, they plan to start doing so later this year,WSJsaid. They also plan to begin fundraising shortly, through institutional investors.Sammons toldWSJthat teaming up with Kardashian allows them to both lean into their own strengths — which, for him, includes finances and investments, and for Kardashian, her influence and reach globally and via social media.He also said of both Kardashian and Jenner, “Havingbuilt businesses themselvesas true entrepreneurs is a very differentiated approach.“RELATED VIDEO:Kim KardashianJoinsNicole Kidman, Naomi Campbell on Balenciaga Runway as She Walks First Paris ShowWSJnoted that Kardashian’s shape and loungewear brand, SKIMS, whichshe launched in 2019, was recently valued at $3.2 billion.“I use shapewear as a solution to my styling needs. I always wanted something that would smooth, and sometimes not necessarily change my shape,” Kardashian previously told PEOPLE on theinspiration behind the brand. “When I wear sheer garments, I used my shapewear to line things like jumpsuits and gowns.“Back in November of last year, Kardashian was namedWSJ. Magazine’s 2021 brand innovatorfor the company’s success.The longtime reality star also recently expanded her beauty empire and launched hernine-product skincare line, SKKN BY KIM, earlier this summer, with products ranging from $37 to $95.
Kim Kardashian.Photo: Mark Sagliocco/WireImage
Kim Kardashianis expanding her ever-growing résumé once more.TheSKIMSfounder, 41, is launching a new private equity firm alongside a former partner at Carlyle Group Inc., Jay Sammons,The Wall Street Journalreported Wednesday.Dubbed SKKY Partners, the firm will make investments in areas like consumer-media and entertainment businesses, consumer products, luxury, hospitality and digital commerce and media, the outlet explained.Accordingto a post froman Instagram account for the company, the firm will focus “on both control and minority investments in high-growth, market-leading consumer and media companies.“WSJreported that Sammons has a longtime relationship with both Kardashian and her mother/manager,Kris Jenner, and approached the duo earlier this year about starting the firm. Sammons toldWSJthat Jenner, 66, will join SKKY as a partner.SKKY Partners did not immediately respond to PEOPLE’s request for comment.Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories.Kardashian toldWSJthat she was attracted to the idea of starting the firm because of the chance to work closely with entrepreneurs to help them build up their companies.“The exciting part is to sit down with these founders and figure out what their dream is,“The Kardashiansstar explained. “I want to support what that is, not change who they are in their DNA, but just support and get them to a different level.“While the firm has yet to make any investments thus far, they plan to start doing so later this year,WSJsaid. They also plan to begin fundraising shortly, through institutional investors.Sammons toldWSJthat teaming up with Kardashian allows them to both lean into their own strengths — which, for him, includes finances and investments, and for Kardashian, her influence and reach globally and via social media.He also said of both Kardashian and Jenner, “Havingbuilt businesses themselvesas true entrepreneurs is a very differentiated approach.“RELATED VIDEO:Kim KardashianJoinsNicole Kidman, Naomi Campbell on Balenciaga Runway as She Walks First Paris ShowWSJnoted that Kardashian’s shape and loungewear brand, SKIMS, whichshe launched in 2019, was recently valued at $3.2 billion.“I use shapewear as a solution to my styling needs. I always wanted something that would smooth, and sometimes not necessarily change my shape,” Kardashian previously told PEOPLE on theinspiration behind the brand. “When I wear sheer garments, I used my shapewear to line things like jumpsuits and gowns.“Back in November of last year, Kardashian was namedWSJ. Magazine’s 2021 brand innovatorfor the company’s success.The longtime reality star also recently expanded her beauty empire and launched hernine-product skincare line, SKKN BY KIM, earlier this summer, with products ranging from $37 to $95.
Kim Kardashianis expanding her ever-growing résumé once more.
TheSKIMSfounder, 41, is launching a new private equity firm alongside a former partner at Carlyle Group Inc., Jay Sammons,The Wall Street Journalreported Wednesday.
Dubbed SKKY Partners, the firm will make investments in areas like consumer-media and entertainment businesses, consumer products, luxury, hospitality and digital commerce and media, the outlet explained.
Accordingto a post froman Instagram account for the company, the firm will focus “on both control and minority investments in high-growth, market-leading consumer and media companies.”
WSJreported that Sammons has a longtime relationship with both Kardashian and her mother/manager,Kris Jenner, and approached the duo earlier this year about starting the firm. Sammons toldWSJthat Jenner, 66, will join SKKY as a partner.
SKKY Partners did not immediately respond to PEOPLE’s request for comment.
Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human-interest stories.
Kardashian toldWSJthat she was attracted to the idea of starting the firm because of the chance to work closely with entrepreneurs to help them build up their companies.
“The exciting part is to sit down with these founders and figure out what their dream is,“The Kardashiansstar explained. “I want to support what that is, not change who they are in their DNA, but just support and get them to a different level.”
While the firm has yet to make any investments thus far, they plan to start doing so later this year,WSJsaid. They also plan to begin fundraising shortly, through institutional investors.
Sammons toldWSJthat teaming up with Kardashian allows them to both lean into their own strengths — which, for him, includes finances and investments, and for Kardashian, her influence and reach globally and via social media.
He also said of both Kardashian and Jenner, “Havingbuilt businesses themselvesas true entrepreneurs is a very differentiated approach.”
RELATED VIDEO:Kim KardashianJoinsNicole Kidman, Naomi Campbell on Balenciaga Runway as She Walks First Paris Show
WSJnoted that Kardashian’s shape and loungewear brand, SKIMS, whichshe launched in 2019, was recently valued at $3.2 billion.
“I use shapewear as a solution to my styling needs. I always wanted something that would smooth, and sometimes not necessarily change my shape,” Kardashian previously told PEOPLE on theinspiration behind the brand. “When I wear sheer garments, I used my shapewear to line things like jumpsuits and gowns.”
Back in November of last year, Kardashian was namedWSJ. Magazine’s 2021 brand innovatorfor the company’s success.
The longtime reality star also recently expanded her beauty empire and launched hernine-product skincare line, SKKN BY KIM, earlier this summer, with products ranging from $37 to $95.
source: people.com
