richelieu dennis
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End of an Era: CEO of Essence Communications Michelle Ebanks Steps Down
The leading voice in America’s leading publication for black women is making way for new leadership. On Monday, Essence Communications made the unexpected announcement that as of March 31 its CEO, Michelle Ebanks, will be stepping down from the role she’s held since 2018, prior to which she had been in leadership roles within the…
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Black Owned Beauty Month: The State of Our Black Beauty Union
Ask, ye shall receive—that is, unless you’re Donald Trump, still asking for that damned wall funding. But I had far better luck on Day 5 of our Black-Owned Beauty month challenge when a quick stop to Whole Foods put an end to my deodorant drought! (I promise you, we are all grateful for this.) In…
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Kwanzaa Shout: Richelieu Dennis, the ‘Essence’ of Cooperative Economics
Today—Dec. 29—the Kwanzaa principle celebrated is Ujamaa, or “cooperative economics,” and there was very little debate as to who personified the “essence” of this concept, simply defined as such: To build and maintain our own stores, shops, and other businesses and to profit from them together. Richelieu Dennis, founder of the and CEO of Sundial…
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Will Madam C.J. Walker’s Home Become an Incubator for Black Women Entrepreneurs?
He’s co-built a beauty empire on his grandmother’s legacy, brought Essence magazine back to fully black-owned status, and at this summer’s Essence Festival (his first as owner), announced The New Voices Fund, a $100 million investment in black women entrepreneurs. Now, Richelieu Dennis, founder and CEO of Sundial Brands (Shea Moisture, Nubian Heritage, etc.) and…
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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…