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Kim Kardashian and a former partner at Carlyle Group are launching a new private-equity firm focused on investing in and building consumer and media businesses. Ms. Kardashian is teaming up with Jay Sammons, who ran consumer investing at Carlyle, to launch SKKY Partners, they said in separate interviews. SKKY will make investments in sectors including consumer products, hospitality, luxury, digital commerce and media as well as consumer-media and entertainment businesses.
Mr. Sammons approached Ms. Kardashian and her mother, Kris Jenner, about starting the firm earlier this year, he said, adding that he has had a relationship with them for years. Ms. Jenner, who serves as her daughter’s manager and oversees the family’s businesses, will join SKKY as a partner, Mr. Sammons said.
https://www.wsj.com/articles/kim-kardashians-latest-business-venture-private-equity-11662543001
