Reality star and entrepreneur Kim Kardashian is teaming up with a former executive at Carlyle Group Inc, Jay Sammons, to launch the private-equity firm SKKY Partners.
The duo will make "both control and minority investments in companies," and focus primarily on investing in consumer, hospitality, and media businesses, reports The Wall Street Journal.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
May 25 editorial cartoonsCartoons Sunday's political cartoons feature Donald Trump's tariffs, Big pharma, and cuts to Medicaid
-
Why men have a bigger carbon footprint than womenUnder the Radar 'Male identity' behaviours behind 'gender gap' in emissions, say scientists
-
5 richly deserved political cartoons about tax breaks for billionairesCartoons Artists take on Donald Trump's 'big, beautiful bill'
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
The end of WeightWatchers?Talking Point The diet brand has filed for bankruptcy in the US as it struggles to survive in era of weight-loss jabs
-
Visa wants to let AI make credit card purchases for youThe Explainer The program will allow you to set a budget and let AI learn from your shopping preferences
-
A newly created gasoline giant in the Americas could change the industry landscapeThe Explainer Sunoco and Parkland are two of the biggest fuel suppliers in the US and Canada, respectively
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
