essence magazine sale
-
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. As reported earlier by Journal-isms for The Root, the Essence brand was not part of…