Founder of SheaMoisture, Richelieu Dennis, Acquires Essence From Time Inc.

Essence Communications Inc., the 48-year-old mutliplatform brand that owns Essence magazine and the annual Essence Festival, has gone back to black (ownership), having been acquired by Essence Ventures LLC, an independent African-American-owned company, Essence Ventures announced in a press release.

Founder of SheaMoisture, Richelieu Dennis, Acquires Essence From Time Inc.

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