Kim Kardashian's Next Venture
Wall Street :
For her upcoming venture, Kim Kardashian is stepping into the realm of private equity.
To launch SKKY Partners, she is collaborating with Jay Sammons, a former executive with the Carlyle Group.
This firm will make investments in rapidly expanding companies operating in a variety of sectors, including hospitality, media, and consumer goods.
the duo, with SKYY will "make both control and minority investments in firms," according to the Wall Street Journal.
In order to get the founders to a higher level, KK merely wants to support them as they are and not try to change who they are in their DNA- says Kim.
Jay has invested in a no. of renowned companies. He pitched the concept to the Kardashian family, with whom he has been associated since ages.
Jay has 20 years of financial experience, and Kardashian is a well-known figure. This might aid SKKY in luring biz and promoting the brands the firm sponsors.
Kris Jenner, who is also Kim Kardashian's manager, will become a partner in SKKY.