Kim Kardashian plans to launch new private equity firm, SKKY

kim kardashian
(Image credit: David Livingston/Getty Images)

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.

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