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Kim Kardashian launches private equity firm
Kim Kardashian launches private equity firm
Business and Economy
by  AFP

Reality TV star-turned-entrepreneur Kim Kardashian announced Wednesday she is branching into a new business arena with the launch of a private equity firm co-founded with a former partner at industry giant Carlyle. "I'm pleased to announce the launch of @SKKYPartners with private equity veteran Jay Sammons as co-founder and co-managing partner," Kardashian wrote on Twitter.

British cinema chain Cineworld files for US bankruptcy
British cinema chain Cineworld files for US bankruptcy
Business and Economy
by  AFP

Britain's Cineworld, the world's second biggest cinema chain, announced Wednesday that it has filed for bankruptcy protection in the United States as it seeks to restructure after facing low audience numbers. The group, which operates hundreds of movie theatres in the United States, said in a statement that it filed for Chapter 11 at a bankruptcy court in Texas.