00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Sydney Sweeney is launching a lingerie brand that sources say is backed by Jeff Bezos and
00:06Lauren Sanchez, according to Fox Business. The actress has spent the past year developing the
00:10project, which she considers a personal passion. Ben Schwerin, a partner at KOTU Management and
00:15former Snap Executive, is reportedly backing Sweeney's lingerie brand, according to the
00:19Economic Times. Founded in 1999, KOTU manages $54 billion in assets and is known for investing in
00:25high-profile startups like OpenAI, SpaceX, and XAI, according to the Wall Street Journal.
00:31Sweeney is partnered with major global brands such as Kirtase, Buy, Hey Dude, and Lan Age,
00:36turning her rise to fame, according to Fox Business. Her appearance at Bezos and Sanchez's
00:40June wedding now appears connecting to reports linking her new venture to Bezos-backed funds,
00:45according to Fox Business. For all things money, visit Benzinga.com.
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