Former Apple SVP Angela Ahrendts Joins Kim Kardashian’s Private Equity Firm
Kim Kardashian’s private equity firm, SKKY Partners, announced on August 7, 2023 that it has hired former Apple SVP Angela Ahrendts as a senior operating adviser. Ahrendts will work with Kardashian and SKKY Partners’ co-founder Jay Sammons to identify and evaluate investment opportunities, and to provide guidance to the firm’s portfolio companies.
Ahrendts is a retail industry veteran with over 30 years of experience. She spent five years at Apple, where she served as senior vice president of retail and online stores. In that role, she oversaw the company’s global retail expansion and helped to create the Apple Store as a cultural phenomenon. Prior to Apple, Ahrendts was CEO of Burberry, where she led the company’s turnaround and helped to make it a global fashion leader.
Kardashian said in a statement, “I’m thrilled to welcome Angela to SKKY Partners. She is a visionary leader with a deep understanding of the retail industry and a proven track record of success. I’m confident that she will be a valuable asset to our team as we look to invest in the next generation of consumer brands.
Ahrendts said, “I’m excited to join SKKY Partners and to work with Kim and Jay to build a new kind of private equity firm that is focused on investing in brands that are changing the world. I believe that SKKY Partners has the potential to be a major force in the industry, and I’m committed to helping the firm achieve its goals.”
The addition of Ahrendts is a major coup for SKKY Partners. She is a highly respected retail industry leader with a proven track record of success. Her experience at Apple and Burberry will be invaluable to SKKY Partners as the firm looks to invest in the next generation of consumer brands.
SKKY Partners is a young firm, but it has already made a splash in the private equity world. The firm’s first fund, which was raised in 2022, was oversubscribed. SKKY Partners is targeting investments in consumer brands that are disrupting the traditional retail landscape. The firm is particularly interested in brands that are focused on sustainability, technology, and social impact.
The addition of Ahrendts is a sign that SKKY Partners is serious about its mission to invest in the next generation of consumer brands. Ahrendts’ experience and expertise will be a valuable asset to the firm as it looks to build a portfolio of successful brands.
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