business, finance
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Essence Enters a New Era: The Legacy Media Brand Announces Its New Executive Team
The year known as 2020 was unfathomably challenging by anyone’s estimation; but as Essence magazine celebrated its 50th anniversary, the pioneering and enduring imprint and lifestyle brand, by its own admission, proved not to be immune. Now, nearly a year after the lockdowns that literally stopped us in our tracks, the legacy media brand shared…
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Grand Closing? Rihanna and LVMH Agree to Shutter Fenty Maison
One of the buzziest celebrity launches of the decade seems to have met its demise. On Wednesday, a spokesperson from LVMH (Moët Hennessy Louis Vuitton) confirmed that the international conglomerate and Rihanna have agreed to cease operations of Fenty Maison, the Paris-based luxury fashion venture she launched in 2019 and the first to be launched…
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The D&I We Deserve: Ulta's Newest Diversity and Inclusion Advisor Is Tracee Ellis Ross
Two years ago this month, I gave myself a challenge: realizing that I wasn’t walking the talk I preached daily on TGU, I launched a Black-Owned Beauty Month challenge in February of 2019, restricting myself to only Black-owned cosmetics and personal care products for Black History Month. The results were, at turns, comical, insightful, inspiring…
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Building a Broader Brand, Sephora's Incubator Program Announces 8 BIPOC-Owned Prestige Beauty Brands in Development
Any makeup lover is all-too-familiar with the ubiquitous black lacquered displays and striped shopping bags of Sephora—but until recently, finding Black brands on its shelves proved a bit more challenging. The world’s premiere beauty marketplace has been working to change that image, inside and out: after becoming the first retailer to sign on to Aurora…
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Popular Financial Literacy Podcast Earn Your Leisure Joins The Black Effect Podcast Network
I wouldn’t consider myself an expert at surviving global pandemics, but in my 10 months (and counting) of practice, there are two recommendations that I always make to people who constantly complain about how bored or miserable they are thanks to COVID-19. The first is to be hyper-vigilant about escaping your apartment and going outside.…
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Capping Off a Winning Week, Amanda Gorman's First 3 Books Have Preemptively Garnered a Million First Prints
Ask any author or publisher, and they’ll tell you that garnering enough demand for reprints of any book is a very good sign. With that in mind, a million prints ordered prior to publication is a very rare indication of a predicted hit. After her performance at last Wednesday’s inauguration, Amanda Gorman’s publisher Penguin Random…
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Starbucks COO Roz Brewer Will Be the New CEO of Walgreens—and the Only Black Female CEO in the Fortune 500
The Fortune 500 will soon be gaining a new CEO—and it will be a Black woman. On Tuesday, Business Insider (BI) was among several outlets to report that Starbucks Chief Operating Officer Rosalind “Roz” Brewer will soon be the new CEO of Walgreens. Starbucks confirmed Brewer’s departure on Tuesday, at the time only disclosing that…
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The Council of Fashion Designers of America Just Named a Black Woman Its New President
A major seat at fashion’s proverbial table has just been filled; on Thursday, the Council of Fashion Designers of America (CFDA) announced the promotion of former Chief Administrative and Financial Officer CaSandra Diggs to president of the famed fashion organization. Diggs has been with the CFDA since 2001. As the new president of the nonprofit…
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Billion-Dollar Legacy: Reginald F. Lewis’ Incredible Life Story Comes to Film
Reginald Lewis may not be well-known to today’s youth, and that’s a shame because his life and work is Black excellence personified.