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Kim Kardashian to Launch Private Equity Firm with Former Carlyle Partner

Kim Kardashian poses for photographers as she arrives to the annual White House Correspondents' Association Dinner in Washington, Saturday, April 30, 2022. (AP)
Kim Kardashian poses for photographers as she arrives to the annual White House Correspondents' Association Dinner in Washington, Saturday, April 30, 2022. (AP)
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Kim Kardashian to Launch Private Equity Firm with Former Carlyle Partner

Kim Kardashian poses for photographers as she arrives to the annual White House Correspondents' Association Dinner in Washington, Saturday, April 30, 2022. (AP)
Kim Kardashian poses for photographers as she arrives to the annual White House Correspondents' Association Dinner in Washington, Saturday, April 30, 2022. (AP)

Reality television star and entrepreneur Kim Kardashian and a former partner at Carlyle Group Inc are launching a new private equity firm focused on investing in consumer and media businesses, the Wall Street Journal reported on Wednesday.

The new firm to be launched by Kardashian and Jay Sammons will be named SKKY Partners, the WSJ reported, citing interviews with them.

The firm will make investments in sectors including consumer products, hospitality, luxury, digital commerce and media, according to the report.

Kardashian has gained success in her recent business ventures such as shapewear label Skims and makeup brand KKW due to their popularity with young shoppers and the TV personality's huge social media following. Skims was valued at $3.2 billion in January.

SKKY plans to make both control and minority investments in companies, according to the WSJ report.

Kardashian and Sammons did not immediately respond to Reuters' requests for comment.

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Robert De Niro Will Receive an Honorary Palme D'or in Cannes. Here's His History With the Festival

US actor Robert De Niro poses during a photocall for the film "Killers of the Flower Moon" at the 76th edition of the Cannes Film Festival in Cannes, southern France, on May 21, 2023. (AFP)
US actor Robert De Niro poses during a photocall for the film "Killers of the Flower Moon" at the 76th edition of the Cannes Film Festival in Cannes, southern France, on May 21, 2023. (AFP)
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Robert De Niro Will Receive an Honorary Palme D'or in Cannes. Here's His History With the Festival

US actor Robert De Niro poses during a photocall for the film "Killers of the Flower Moon" at the 76th edition of the Cannes Film Festival in Cannes, southern France, on May 21, 2023. (AFP)
US actor Robert De Niro poses during a photocall for the film "Killers of the Flower Moon" at the 76th edition of the Cannes Film Festival in Cannes, southern France, on May 21, 2023. (AFP)

Robert De Niro will receive an honorary Palme d'Or at the Cannes Film Festival, a culmination for the 81-year-old actor whose history with the French film festival stretches back half a century.
In 1976, De Niro starred in two films — Martin Scorsese's “Taxi Driver” and Bernardo Bertolucci's “1900" — that premiered in competition at Cannes. “Taxi Driver" was an immediate sensation, and went home with the festival's top prize, the Palme d'Or.
Since then, De Niro has been a regular on the Croisette, returning with “The King of Comedy” in 1983, Sergio Leone's “Once Upon a Time in America” in 1984 and Roland Joffé's “The Mission” in 1986. Joffé's film also won the Palme, making De Niro the rare actor to star in two Palme d'Or winners, The Associated Press said.
Though De Niro helps run his own film festival back in New York, the Tribeca Festival, he has remained a mainstay in Cannes. He presided over the jury in 2011 that selected Terrence Malick's “The Tree of Life” for the Palme. Most recently, he and Scorsese returned to premiere “Killers of the Flower Moon” in 2023.
“I have such close feelings for Festival de Cannes," De Niro said when his honorary Palme d'Or was announced last month. “Especially now when there’s so much in the world pulling us apart, Cannes brings us together — storytellers, filmmakers, fans, and friends. It’s like coming home.”
De Niro is to receive the award in the festival's opening ceremony on May 13.