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Kim Kardashian enlists former Apple retail head

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Kim Kardashian has enlisted Angela Ahrendts, the former head of Apple’s retail division, to join her private equity firm SKKY Partners.

In her new role as senior operating adviser, Ahrendts, aged 63, will contribute to SKKY’s investments across consumer products, e-commerce, media, and entertainment, as stated by Kardashian.

The reality TV star and business mogul co-founded SKKY Partners alongside ex-Carlyle executive Jay Sammons in the previous fall. Kardashian expressed her enthusiasm about the hire, citing Ahrendts’ extensive leadership experience and her ability to build brands and influence culture.

Ahrendts is renowned for overseeing a significant expansion of Apple’s retail stores and was one of the company’s most influential and highest-paid executives until her departure in 2019.

She also notably served as the CEO of Burberry, overseeing substantial growth during her tenure. In her statement, Ahrendts conveyed her excitement about contributing her expertise to SKKY and supporting its investments in emerging consumer brands.

Beyond her role with SKKY Partners, Ahrendts serves on the boards of Ralph Lauren Corporation, Airbnb, and WPP. The private equity firm, SKKY Partners, is yet to make its inaugural investment, but Kardashian has stated their focus on brands with remarkable growth potential.

Alongside her involvement with the investment firm, Kim Kardashian’s business endeavors include her shapewear brand Skims, valued at $4 billion, where she holds a 35% stake. Her overall net worth is estimated at $1.7 billion.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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