The release states further that Essence will focus on expanding its digital businesses and continue to plant its rich content in more global markets (the Essence Festival launched a Durban, South Africa, festival in 2016). This website or its third-party tools process personal data.In case of sale of your personal information, you may opt out by using the link. Copyright 2022 Rolling Out. I would have to see change, see an apology, in order to participate or contribute. It is owned by Essence Ventures, an independent African-American owned company focused on merging content, community, and commerce to meet the evolving cultural and lifestyle needs of women of color.. A new CEO was named for Essence magazine and the company, which owns several other entities like Afropunk festival and hair care company Naturally Curly, promised that Dennis would be taking a step back. Bain Capital took a minority stake in Sundial in 2015. Members of the team were excited about the announcement. We may earn a commission from links on this page. Online content may range from $100-250 per article. The cookie is used to store the user consent for the cookies in the category "Performance". The essay is part of an online campaign that includes Twitter and Instagram accounts and a change.org petition, which has collected more than 2,000 signatures. But while Meredith hopes to cut costs, Essences new owners are planning to investheavily. Jan 03, 2018. Colorful earrings by @wheatgrass_scorpio. The essay also had criticism for two other Essence leaders, the chief operating officer, Joy Collins Profet, and the chief content officer, MoAna Luu. The sale of Essence to Mr. Dennis comes at time when traditional media companies continue to struggle to adapt to an increasingly digital landscape, challenges also faced by black-owned media. I am happy to be alive! But this month, he was back. A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. Lol, FAMILY: The children and I @University Circles Parade the Circle, Modeling for: http://www.afropunk.com/ Brooklyn, New York, August 2014. Its true that lifestyle giant CondNast is in the midst of a major austerity program, but its competitor Hearst recently acquired indie publisher Rodale, which owns titles like Mens Health and Prevention. Although financial details remain confidential, Essences sale comes at a precipitous time for both the magazine and the larger media landscape. They have allowed us to invest into the business so that we can bring in the infrastructure and resources.. Originally from Liberia, he founded Black beauty brand SheaMoisture and then Sundial Brands, the parent company to SheaMoisture. Best-known for massive magazine brands like Time, People, and Sports Illustrated, Time Inc. bought Essence more than a decade ago, back when the publishing company was one of Americas most formidable media giants. This was an important week for minority media. Again, with skinnys I like my booty to be covered as much as possible. Im very focused on giving back, investing and growing my community, he said. The cookies is used to store the user consent for the cookies in the category "Necessary". The acquisition represents the beginning of an exciting transformation of our iconic brand as it evolves to serve the needs and interests of multigenerational Black women around the world in an even more elevated and comprehensive way across print, digital, e-commerce and experiential platforms, Ms. Ebanks said in the statement. This flare shirt is amazing! It does not store any personal data. Founded in 1970, Essence has now expanded, reaching a global audience of more than 16 million across its many platforms. In the summer of 2020, a Medium article was published with damning accusations against Essences owner Richelieu Dennis. We wish the ESSENCE team the best and will watch this celebrated brand continue to flourish in its next chapter," he stated. The first time I picked up an issue of Essence magazine, I noticed Susan Taylors picture. Ms. Wanga joined the company as its chief growth officer on Monday. These cookies ensure basic functionalities and security features of the website, anonymously. [W]e are excited to be able to return this culturally relevant and historically significant platform to ownership by the people and the consumers whom it serves, and offer new opportunities for the women leading the business to also be partners in the business, said Dennis of the Essence brand acquisition. Got it from Dillards for $14. filed for bankruptcy last year after being ravaged by the pandemic. Im not surprised people are not talking, DelSol said. Its target audience is the African-American community, and its coverage includes the lifestyles and accomplishments of influential black people, fashion, beauty, and politics.. Ebony magazine was founded in 1945 by John H. Johnson, for his Johnson Publishing Company.He sought to address African-American issues . 1028 on display. I spent 30 years of my life breaking down the racial barriers of beauty, he said. We also use third-party cookies that help us analyze and understand how you use this website. After the former CEO Michelle Ebanks stepped down in March, the company announced that Dennis would have direct oversight of the company while it searched for a new CEO. Dennis sold his cosmetics company Sundial Brands to Unilever for an estimated $1.6 billion in 2017. READ: Missy Elliott To Receive Essence 2018 Black Women In Music Honor. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The website for Bright is The Epoch Times (see below). . Dennis acknowledged that, though progress has been made in the beauty industry in terms of racial efforts, it doesnt mean the problem is solved. He said theres still a need for awareness and education to dismantle structural racism at the root of bias in the community. This is a magazine for Americans who love their nation. According to Page Six reporting, the employees are giving Essence executives an ultimatum: respond in five business days or they will release personal testimonials of pay inequity, workplace bullying, lay-offs while on maternity leave and immediately after giving birth and sexual harassment. Using the Black Female Anonymous nom de plume again, they launched a change.org petition to get signatures for their resignation. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. Reporters, poking around, have unearthed intriguing connections: a documentary co-produced with Steve Bannon; a donor who worked at the secretive hedge fund run by the Breitbart benefactor Robert. Shanygne Maurice, creator of beauty product reviews on a YouTube channel called TooMuchMouth, said she had a rather unpleasant experience as a Black creator at the last BeautyCon but actually sees the Essence buyout as an opportunity to make the event more inviting and inclusive for Black influencers and enthusiastsgiven Essences history in the Black community., Im not sure if Id participate in the first one [under Essences ownership], she said. Black women deserve to feel safe both in white America and Black America., In a Wednesday letter to Ms. Wanga, Black Female Anonymous asked for a guarantee that Mr. Dennis would not have a role in running Essence and that the three other executives they had identified leave the company by the close of business on Friday. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. More curiously, his history with beauty brands, which will be core Essence advertisers, also raises questions about the magazines ability to truly separate its business and editorial sidea core value of traditional media that is quickly eroding in the age of advertorials and native advertising. Those findings have not changed the views of some. All of that changed this week after it was announced that the company has been sold to Essence Ventures LLC, a company launched in 2017 by Shea Moisture founder Richelieu Dennis. This is historical.. And while BeautyCon devotees have described the event as an inclusive community that allows beauty and lifestyle enthusiasts to network, meet their favorite influencers and get discounted makeup, Black influencers have not always felt welcome. Got it from H&M for $10 a year ago. As a woman who writes, and aspires to publish a book, I really admire Susan, and I think that she is one of the most influential women in journalism. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. They faulted a previous Essence leader, Michelle Ebanks, blaming her for a toxic culture. Ms. Ebanks stepped down as the chief executive of Essence Communications in March, after nearly 20 years at the company, and is a member of the Essence board. It focuses on culture, beauty, fashion, and entertainment. Get notified about exclusive offers every week! , who will keep her place at the helm of the company will also joining its board of directors. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Under the agreement, the $2.8 billion deal would include Time, Fortune and Sports Illustrated. Essence Names Interim Chief After Claim of Abusive Work Culture, https://www.nytimes.com/2020/07/02/business/media/essence-magazine-accusations.html. Forbes reports that he and his cofounder and mother Mary owned 51% of the company and walked away with an estimated $850 million fortune, making them two of the wealthiest Black entrepreneurs in the world. THE GRIOT PROJECT: Akron with Umojah Nation Reggae band and student Patrick Warner, poet in training. Its branding was so popular . 5:11 pm. But if I were to see how that goes and hear about the event moving in the right direction and it being the fun and inviting event its supposed to be, Id certainly attend in the future., Nottingham, however, questioned whether Essence could really change BeautyCon or if it was another case of diversity initiatives being whitewashed.. Sundial Brands announced in November a partnership with Unilever to acquire Sundial. Our objective is to make it into that by making it inviting, by diversifying subjects, by being inclusive in the brands, by being intentional in the commitments.. The company announced Tuesday night that it had appointed Caroline Wanga to be interim CEO and that they would launch an independent investigation into the workplace culture. American Essence FO R E V E RYO N E W H O LOV E S T H I S C O U N . His firm, Sundial Brands, was founded to provide hair- and skin-care products to minority women, and was inspired by traditional shea-butter recipes found in Denniss native Liberia. Essence said that he helped lead the team but never took on the role and responsibilities as CEO. But hes entering the industry as a neophyte at a time when mediaparticularly independent mediais struggling for survival. An op-ed, titled The Truth About Essence and written by Black Female Anonymous was published on Medium on Sunday that outlined allegations of a toxic workplace culture in which Black employees are systematically suppressed by pay inequity, sexual harassment, corporate bullying, intimidation, colorism and classism.. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. Essence covers African-American beauty and style. In addition, it represents a critical recognition, centering and elevation of the black women running the business from solely a leadership position to a co-ownership position.. The spokeswoman added that Ms. Wanga would oversee the independent review of the Essence workplace. Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). Articles in classical art, music, craft and architecture aims to showcase the timeless beauty of master artists and craftsman throughout antiquity. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". But opting out of some of these cookies may affect your browsing experience. Despite Dennis promises, Black influencers are still wary. Know Thyself sweathshirt available @Alkebulan Ujaama Book Store. The City of Cacapava, Sao Paolo, Brazil, owns No. Mr. Dennis said that he was raised by a single mother who read Essence magazine and that his four daughters read it. Ebanks is referring to the fact that Essences executive team consists entirely of black women. As a subscriber, you have 10 gift articles to give each month. According to a statement released by the magazines owner, Essence Ventures, Essence will keep its current executive team, which consists entirely of black women, including Michelle Ebanks, the magazines president. The anonymous essay suggested that many Essence employees believe he has not lived up to that statement. The coronavirus pandemic didnt help financial matters. An anonymous post on Medium that said it was written by current and former Essence employees is part of a social media campaign for change at the groundbreaking Black media brand. Lou Carlozo, Editor and Publisherlou@talkingbiznews.comChris Roush, Founderchristopher.roush@quinnipiac.edu, Talking Biz News is a division of Vested LLC31 E. 17th St.New York, NY 10003917-765-8720. The top editor of Bon Apptit, Adam Rapoport, resigned last month after a photo of him costumed in stereotypical Puerto Rican attire resurfaced on social media. Thank you for being in our corner over the last 47 years. ! She ended her statement with the hashtag #BlackWomenRiseTogether., Black Female Anonymous replied to Ms. Wanga on social media. - Monica Guza .. non-political, real-life look at goodness, decency, and excellence in the world. According to Black Enterprise magazine, Essence president Michelle Ebanks will continue in her role and join its board of directors. We dont want @Essence to fold, the group said. Click to share on Pinterest (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Pocket (Opens in new window), https://africanessence.files.wordpress.com/2023/01/music-nov-29_solange_whenigethome_dreams_7.mp3, They tried to bury her, but she kept on giving birth . I read her letter from the editor and it became my favorite part of the magazine. In the essay, Black Female Anonymous tied their efforts to the larger social protest movement that has swept the country. Ebanks will also have equity stake in the business along with the executive team of ESSENCE. Were very proud of that, and we see [BeautyCon] as a continuation of that work.. I think many people dont even know about it because no one cares about Black women. Essence Communications will be led by an all-black female executive team. We accept that because what else is the ultimate goal in this country?. Essence Ventures swooped in at a foreclosure sale to acquire BeautyCon, the so-called Super Bowl of the Beauty industry that nearly filed for bankruptcy last year after being ravaged by the pandemic, financial issues, staff layoffs, and unpaid bills. The company also runs the annual Essence Festival in New Orleans, a celebration of Black culture that has drawn headliners like Aretha Franklin, Mary J. Blige and John Legend.
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