Kim Kardashian, social media personality, entrepreneur and fashion and beauty mogul, has founded a private equity firm to power the next generation of brands and businesses.
The new company, Skky Partners, was co-founded with Jay Sammons, former Global Head of Consumer, Media & Retail for the Carlyle Group, a US multinational private equity firm.
“I’m excited to launch Skky Partners to invest in the next generation of brands, leveraging my experience of creating and growing global businesses and partnering with innovative companies to help them grow.” Kardashian said in a statement, “I look forward to working closely with Jay and our team to identify unique investment opportunities and build the firm’s portfolio of quality companies for our investors.”
Whatever those investment opportunities, they’ll benefit from Kardashian’s global reach and social impact. The company says it will make both minority and majority investments in growth-oriented, market-leading consumer goods and media companies, targeting sectors such as luxury and fashion, consumer goods, digital and e-commerce, consumer media and entertainment.
Founder of multi-billion dollar companies
Kardashian is known as the founder of several companies worth over $1 billion and as one of the most well-known and socially persecuted women in the world. Sammons is a well-known investor who has spent the last two decades building many of the world’s best-known consumer brands,
In a statement, Skky Partners also named Kris Jenner, Kim Kardashian’s mother, as a partner. The Kardashian matriarch has overseen the development of her family’s multi-billion dollar corporate collection and has a unique eye for identifying investment opportunities and driving impact.
This translated and edited post previously appeared on FashionUnited.uk.