1028 on display. We wish you could have been in the room to see the excitement and pride on the Essence Teams' faces as we gave them the good news, according to a statement on the Essence website . For more than 50 years, ESSENCE has been a leader in promoting Black-Owned beauty brands. This major move marks. Johnson family sells Ebony magazine The allegations didnt even go very far. Despite Dennis promises, Black influencers are still wary. Essence magazine is a monthly publication whose target audience is African American women. The magazine focuses on fashion, pop culture, music and black life. It's nearly a 200-mile commute home for historian Victor Davis Hanson from the Hoover Institution at Stanford University, where he travels once a week, to his quiet family farm in the fertile Central Valley of California. They have allowed us to invest into the business so that we can bring in the infrastructure and resources.. JUNETEENTH CELEBRATION with Umojah Nation Reggae Band and the Griot Project at the Art & Soul of Buckeye Park in Cleveland. It is a brand I only see at Target. Speculation Centers on Value of Successful Festival. In a statement on Thursday, Latraviette Smith-Wilson, an Essence spokeswoman, described the essays accusations and demands as unsupported and outdated., The statement also addressed Ms. Ebanks, saying she has had no role in day-to-day operations since her departure, and said that Ms. Collins Profet had already accepted a new role with another company before the anonymous blog was posted.. But opting out of some of these cookies may affect your browsing experience. 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. You win and you learn. AMERICAN ESSENCE brings to you stories that remind us of the promise of America. - Charles Middlemas Uplifting stories about exceptional Americans. Mr. Dennis said that he was raised by a single mother who read Essence magazine and that his four daughters read it. As a subscriber, you have 10 gift articles to give each month. Essence Magazine (1970- ) - BlackPast.org The executive team will also have an ownership interest in the business. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. Bain Capital took a minority stake in Sundial in 2015 in a deal that valued the company at roughly $700 million. Under the pseudonym Black Female Anonymous, Essence magazine staffers demanded Dennis resignationalong with other leadership changesafter they said women were systematically suppressed by pay inequity, sexual harassment, corporate bullying, intimidation, colorism and classism and the company had been hijacked by cultural and corporate greed and an unhinged abuse of power. The staffers blasted execs for an ironic turn of events: A publication that was meant to empower Black women instead mistreated and abused the women who worked for it. I think many people dont even know about it because no one cares about Black women. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). We can now invest in women of color as consumers.. Long a touchstone of Black culture, Essence celebrated its 50th anniversary with its May issue, which featured the model Naomi Campbell on the cover. 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. Black News and Black Views with a Whole Lotta Attitude. It does not store any personal data. Essence said that he helped lead the team but never took on the role and responsibilities as CEO. The owner of Black business empire Essence Ventures, who vowed to step away as the acting CEO of Essence magazine after being an awful boss during last years racial reckoning, is not-so-quietly asserting his power againand Black influencers are torn. (Time Inc.s golf magazines and entire UK division are also on the market.) Theyre going to look like whistleblowers, theyll look like sellouts, theyll look like theyre bringing down the quintessential definition of what Black excellence looks like. Clearly, Ebanks team hopes that Essence wont just evolve, but thrive and survive for the next 48 years. The cookie is used to store the user consent for the cookies in the category "Other. Time Inc. announced Wednesday, that Essence Ventures LLC, an independent African-American owned company, acquired the media company. She looked like a statue of an ancient African goddess, sort of that Grace Jones bold look, but with clothes. Essence Ventures is founded and chaired by Richelieu Dennis, founder of Sundial Brands which owns Shea Moisture. The cookie is used to store the user consent for the cookies in the category "Analytics". Other businesses and contractors who worked the event were reported to have filed complaints with the Better Business Bureau or sought assistance from collections agencies. The authors called for the resignation of Dennis and other executives, urged for an advertising boycott and painted a damning portrait of Dennis, including alleging that his surface-level commitment to Black women is driven by greed and a debaucherous sexual appetite, that he has sexually harassed multiple women and has used NDAs to protect his family against liability or disparagement. 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. Meet The Founders Behind 75 Black-Owned Beauty Brands You Should Be When The Daily Beast spoke to him this week about his buy up of BeautyCon, Dennis refused to directly answer any questions about the 2020 controversy and his promise to step away from Essence magazine. Essence (magazine) - Wikipedia Our free, fast, and fun briefing on the global economy, delivered every weekday morning. Founded in 2011 by Marina Curry, a Black woman, BeautyCon was a hub of live events before it started to falter in 2019. Clearly Dennis has committed his life (and substantial economic resources) to supporting minority women. Essence Ventures announced in a press release, in November, Unilever acquired the parent company for SheaMoisture, Sundial Brands. Alexis Nottingham, whose TressesOfAlexis YouTube channel focuses primarily on Black hair care, said she understood that the allegations were found unconfirmed, but still felt uncomfortable with the accusations. I read her letter from the editor and it became my favorite part of the magazine. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Inside 'The Epoch Times,' a Mysterious Pro-Trump Newspaper - The Atlantic Time Inc. announced Wednesday that Essence Ventures, LLC, an independent African-American owned company, acquired Essence Communications. Last year, The Wrap reported that a year after a huge event that attracted thousands of attendees, BeautyCon was still struggling to pay vendors. Its branding was so popular that Time Inc., purchased the magazine and for the past 12 years, a publication dedicated to Black women was in White hands. American Essence Magazine is also a nonpolitical magazine that aims to showcase the values and traditions of American culture with stores of the people and places, past and present, that helped and continue to help shape this nation. Richelieu Dennis, CEO of SheaMoisture, at Fashion Week in New York in 2015. https://t.co/q2BGN0pxNF pic.twitter.com/CbLQlpK9Qz. It also marks the first time a major womens style magazinewhich heavily features beauty-based advertisements and editorialis connected via ownership to a consumer-products company. That superseded the priority of Black hair care.. You may negotiate rate based off experience and expertise. Ebanks insists this sacred wall will still be honoredand that Essence is not directly owned by Sundial, but rather a separate Dennis-helmed entity. The strategic vision and leadership that Michelle has provided to ESSENCE over the years have been exemplary, and we are thrilled to work with her and her talented team to provide the necessary resources and support to continue to grow the engagement and influence of the ESSENCE brand and transform this business, Dennis said. I hope this means there is an opportunity for us to stay in business, she said. BRIGHT Magazine Launches Today. Editor-in-Chief Sarika Bansal on the 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. Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. Boxing legend George Foreman and actor Khris Davis share inspiration for Big George Foreman film, Deborah Janes Strange Fruit film revisits the past to fix the future in racial reconciliation, Black home buyers considering buying a home 5 ways to purchase a house without a down payment, Rolling out kicks off 2023 Sisters with Superpowers 10-city tour and awards dinner in Atlanta, May 4; tickets available, Breaking the Chains provides job training and opportunities to the youth, Shara McHayle shares how hip-hop inspired her business, Hoop 88 Dreams. However, she also doesnt think BeautyCon will suffer from the negative stain of Essence. We idolize Black capitalism, Black consumerism, and Black wealth over Black people, and I dont see this being an issue at all for them. Braids by my homegirl Aziza Yasmine. So lets GOOOOOOOOOO!!! The first time I picked up an issue of Essence magazine, I noticed Susan Taylors picture. Adenike Olanrewaju contributed reporting. 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 major move marks Essences return to being a 100% black-owned company. And the mid-sized Penske Mediaowner of Variety and Robb Reportjust snapped up Rolling Stone. This cookie is set by GDPR Cookie Consent plugin. This flare shirt is amazing! The whole idea when [BeautyCon] was founded was to be an inclusive place for all women to express their individual beauty, Dennis said. When it started off, we knew their demographic. Essence has been an influence for African-American women since its first publication in May 1970. This was an important week for minority media. Edward Lewis, Clarence O. Smith, Cecil Hollingsworth and Jonathan Blount founded Essence Communications Inc. (ECI) in 1968. Article length can vary from 500 to 2500 words. Anyone can read what you share. The Epoch Times is looking for writers who are passionate and knowledgeable in the field of classical art. In addition, Ebanks, along with a Black female-led executive team, will have an equity stake in the business. 'Essence' Just Took the Lead in Serving Women of Color. Here's Why It Under the influence of coconut oil, shea, olive, and a slight bit of gel to hold it. Were counting on you, Caroline. Articles to be published in our magazines will be roughly 900-2,000 wordcount and articles that are published to our online website can be 500 to 1,000 wordcount. The move returns 48-year-old Essence to black ownership for the first time in over a decade, and solidifies the magazines status as the most important minority-owned publication in America. 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. We knew they wanted to help Black people with Black hair care, especially with people who do their own hair. Altogether Richelieu and the Dennis family directly and indirectly buy the silence of current and former Essence Black female employees who fear backlash of Richelieus massive financial and social capital, the authors wrote. Its not to say that they shouldnt be able to cater to all types of hair and all types of people, but theres always this desire to cater to whiteness and white features. This website uses cookies to improve your experience while you navigate through the website. We are hiring for both print as well as online articles. The American Hotel & Lodging Association recommends $1 to $5 a night left daily, preferably in a marked envelope making it clear that it is intended for the housekeeper. Would love your thoughts, please comment. We may earn a commission from links on this page. Colorful earrings by @wheatgrass_scorpio. These cookies track visitors across websites and collect information to provide customized ads. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . Derek T. Dingle, chief content office of Black Enterprise magazine, described it as groundbreaking, and lauded Essences return to black ownership as a rare event in contemporary black business history.. I like the tapered sweater. Since 1970, Essence Communications has served as a source of empowerment for black women across its platforms, including its flagship print magazine, television specials, and the annual Essence . American Essence FO R E V E RYO N E W H O LOV E S T H I S C O U N . American Essence Magazine is also a nonpolitical magazine that aims to showcase the values and traditions of American culture with stores of the people and places, past and present, that helped and continue to help shape this nation. They dont take into account victims unless its close to home or it happens to them personally.. As a classicist, he's at ease with the ancient world but often brings a historian's insightful perspective to current . The spokeswoman added that Ms. Wanga would oversee the independent review of the Essence workplace. The event had always centered white women and white entrepreneurs, DelSol said, and therefore never appealed to her. Fine art articles for American Essence include American architecture and houses of beauty, traditional American artists and musicians that helped establish the culture as well as cinema and film stars that inspired the nation and the American people. 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. Ebanks is referring to the fact that Essences executive team consists entirely of black women. Bain Capital took a minority stake in Sundial in 2015. A person who identified herself as a representative of the essays writers, contacted through the Black Female Anonymous Instagram account, declined to be interviewed for this article. In 2000, Time Inc. acquired a 49 percent stake of Essence from its founders and acquired the remaining percentage five years later. This denim skirt is from the thrift store for $3. Creating Effective Employee Resource Groups | HISPANIC Network Magazine This cookie is set by GDPR Cookie Consent plugin.
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