Kris Jenner will also serve as partner at Skky.
The reality star, aspiring lawyer, and entrepreneur Kim Kardashian has added a new venture to her many undertakings. Yesterday, the Skims founder launched her own private equity firm, Skky Partners, with Jay Sammons. The latter is a former partner at the investment firm Carlyle Group, where he headed the global consumer, media, and retail sectors.
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Big clients are under Sammon’s belt, such as Supreme, Beats by Dr. Dre, Vogue International, Moncler, and McDonald’s China.
“I’m pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner, along with [Kris Jenner], who will serve as [a] partner at our firm,” the 41-year-old announced on Twitter and Instagram.
“Together, we hope to leverage our complementary expertise to build the next generation Consumer & Media private equity firm. For more information, visit SKKY.com and follow us at @skkypartners on social media.”
In a report by the Wall Street Journal, the firm will invest in consumer products in hospitality, luxury, digital commerce, and media.
Per BBC, celebrities who have launched venture capital firms are Gwyneth Paltrow, Leonardo DiCaprio, and Ashton Kutcher.
Banner image from @kimkardashian on Instagram.
