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. Bain Capital took a minority stake in Sundial in 2015 in a deal that valued the company at roughly $700 million. Published January 6, 2018. Dennis serves as CEO and executive chairman of Sundial under the Unilever partnership. You win and you learn. This denim skirt is from the thrift store for $3. I think many people dont even know about it because no one cares about Black women. 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. READ: Chance The Rapper Joins Essence Fest As Headlining Act. Mr. Dennis said that he approached Time Inc. about buying Essence after Time Inc. agreed in November to be sold to the Meredith Corporation, the owner of Better Homes & Gardens and Family Circle, in an all-cash transaction worth about $2.8 billion. But Black capitalism looks like misogyny, sexism, and sexual assault. Like SheaMoisure, she said. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. We can now invest in women of color as consumers.. Taylor served as Editor-in-Chief of Essence from 1981-2000, but worked for the magazine since its conception in 1970. As a classicist, he's at ease with the ancient world but often brings a historian's insightful perspective to current . Got it from Dillards for $14. Entertainment & Arts How a $970,000 award represents hope and change for a Black L.A. dance company Jan. 15, 2021 Founded in 1945 by Chicago-based publisher John H. Johnson, Ebony magazine was. 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.. I could live life on the beach, but it was very cold near Lake Erie. Essence currently reaches over 16 million people via social media, print, digital engagement and live events, according to a spokeswoman for Essence Ventures. We dont want @Essence to fold, the group said. We have an opportunity to control our media and tell our own story and that is often muted when traditional media companies that represent the African-American culture are owned by someone outside of an African-Americans hands it loses something. 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. 2,017 people have signed it. Got it from H&M for $10 a year ago. For the first time in nearly two decades, Essence magazine is once again a fully black-owned publication. On Thursday (Jan. 4), Essencethe nations leading African American-focused publicationwas sold by Time Inc. to a newly formed company backed by Richelieu Dennis, a multimillionaire personal-care-products mogul. Since then, Essence has installed Caroline A. Wanga, a former Target executive, as its interim leader and has also pledged to hire law firms to conduct a review of workplace issues. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . Similar uprisings have taken place at The New York Times, The Philadelphia Inquirer, The Wall Street Journal, The Washington Post, The Pittsburgh Post-Gazette and the womens lifestyle website Refinery29. Members of the team were excited about the announcement. Fix it or fold.. Please email all questions and submissions to jennifer.diane@epochtimes.nyc. Copyright 2022 Rolling Out. Essence, as an archive of Black life, is also a cornerstone in the . It will serve as a guide to make your entrepreneurial dreams a reality, help you avoid costly mistakes, assist in financial preparations, serve as a resume of sorts for future potential business partners and much more.. You may opt-out by. Ebanks directly links this growth to Essences new all-black ownership. Gerren Keith Gaynor March 13, 2013 918. , who will keep her place at the helm of the company will also joining its board of directors. At the time of the purchase, Mr. Dennis, who was born and raised in Liberia, said Essence would serve and empower women of color under his stewardship. I thank the entire ESSENCE team for their tremendous passion and unrelenting commitment to driving the brands success. Essence Ventures announced in a press release, in November, Unilever acquired the parent company for SheaMoisture, Sundial Brands. We know that we work for you and nothing makes us happier. Essence has always had a close connection to its readers. American Essence magazine is a breath of fresh air in troubled times! That superseded the priority of Black hair care.. The future of Essence was uncertain when it was announced Meredith Corporation was buying Time Inc. in November. In a phone interview on Wednesday, Mr. Dennis, 48, said that he bought the magazine to serve and empower women of color., This will give Essence a platform and a voice to serve its consumers, which are women of color, Mr. Dennis said during a flight from his native Liberia to the United States. In the essay, Black Female Anonymous tied their efforts to the larger social protest movement that has swept the country. We wish the ESSENCE team the best and will watch this celebrated brand continue to flourish in its next chapter," he stated. Im not in the business of selling my soul for a couple of dollars or for popularity, one Black content creator told The Daily Beast. Thank you for being in our corner over the last 47 years. The brand was looking for another buyer and has apparently found one with Essence Ventures, which was founded and is chaired by Liberian-American Richelieu Dennis, who also is founder of SheaMoisture (in November, Unilever acquired the parent company for SheaMoisture, Sundial Brands). 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. 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.. According to Black Enterprise magazine, Essence president Michelle Ebanks will continue in her role and join its board of directors. But we must fix the systemic brokenness of any Black cultural institution that devalues Black women. Michelle Ebanks will continue to serve as president of ESSENCE Communications and will join its board of directors. Recording Studio: Great journey, I gave a lot of myself to these sessions. filed for bankruptcy last year after being ravaged by the pandemic. Essence has been an influence for African-American women since its first publication in May 1970. Essence Ventures is founded and chaired by Richelieu Dennis, founder of Sundial Brands which owns Shea Moisture. Article length can vary from 500 to 2500 words. In the Medium article, titled The Truth About Essence, anonymous staffers claimed that Dennis slept with his employees and harassed those who rejected his advances. The cookies is used to store the user consent for the cookies in the category "Necessary". The whole idea when [BeautyCon] was founded was to be an inclusive place for all women to express their individual beauty, Dennis said. So, these Black women in particular, if they come forward, where will they go? READ: Missy Elliott To Receive Essence 2018 Black Women In Music Honor. Were very proud of that, and we see [BeautyCon] as a continuation of that work.. We are looking for experienced, freelance writers that are passionate and knowledgeable in the field of classical art to cover areas in the following categories: For more information, visit their websites: Radiant Life, American Essence, and The Epoch Times. On Jan. 17, Brides magazine reported that Tony Award-winning actress Anika Noni Rose -- who famously voiced Tiana in the animated Disney movie "The Princess and the Frog" -- married actor Jason . and a graphic artist! Essence Communications will be led by an all-black female executive team. As a subscriber, you have 10 gift articles to give each month. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. They neglected their niche of Blackness their base demographic of Black women with kinky hair. 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. In the same . SheRea DelSol, a Black content creator on YouTube who focuses on natural hair content, told The Daily Beast she wont be participating in BeautyCon now that Essence and Dennis are at the helm. Headwraps by Queen Fatima Chui. The new journey on which we are embarking will be fueled not only by the passion we have (and have always had) for Black women, but also that Black women will be at the helm as we move forward.. The Essence team denied the allegations in a statement Monday, calling them mischaracterizations and unfounded attempts to discredit our brand and assassinate personal character.. In its tipping guide . This major move marks Essences return to being a 100% black-owned company. 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. Austin-based Michael Gibson's ClearView Partners, with backing from Houston private-equity firm Park View Capital Partners, are the new owners of the 62-year-old monthly. It does not store any personal data. With this sale, the legacy of essence is back in the control of Black owners. Citing an abusive work culture, the essays writers also said that Black women at the company are systematically suppressed by pay inequity, sexual harassment, corporate bullying, intimidation, colorism and classism.. Necessary cookies are absolutely essential for the website to function properly. The essay also had criticism for two other Essence leaders, the chief operating officer, Joy Collins Profet, and the chief content officer, MoAna Luu. This cookie is set by GDPR Cookie Consent plugin. You may negotiate rate based off experience and expertise. Richelieu Dennis, the founder of Sundial Brands, said he bought the company to serve and empower women of color.. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. As we launch BRIGHT Magazine this week, I have in my head the guiding voices of SJN's co-founders. 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.. Ebanks will also have equity stake in the business along with the executive team of ESSENCE. The City of Cacapava, Sao Paolo, Brazil, owns No. We may earn a commission from links on this page. It focuses on culture, beauty, fashion, and entertainment. I am a believer that when we own our media companies they represent an authentic voice, Ms. Spann-Cooper said. Founded in 1970, Essence has now expanded, reaching a global audience of more than 16 million across its many platforms. This was an important week for minority media. Edward Lewis, co-founder of Essence Magazine, is defending his decision to sell the legacy publication to Time Inc. after recent criticisms from recently . Receive updates about new stories in the industry daily or weekly. Originally from Liberia, he founded Black beauty brand SheaMoisture and then Sundial Brands, the parent company to SheaMoisture. Im not surprised people are not talking, DelSol said. The magazine, a mainstay of black culture for almost half a century, was bought by Richelieu Dennis, the founder of Sundial Brands, a large personal-care products company, from Time Inc., Essence Ventures announced on Wednesday. An annual study found that the total number of magazine readers in the U.S. remained above 220 million in every year between 2016 and 2020, having previously hovered around the 210 and 215 million . These cookies ensure basic functionalities and security features of the website, anonymously. You also have the option to opt-out of these cookies. (Time Inc.s golf magazines and entire UK division are also on the market.) Analytical cookies are used to understand how visitors interact with the website. Performing Love: standing by college sisters side for her big day in the A (ATL). Melody Spann-Cooper, chairwoman of Midway Broadcasting Corporation, which owns WVON, a Chicago radio station whose target audience is black, welcomed Essence's return to being an. We may earn a commission from links on this page. Receive updates about new stories in the industry. His departure was part of a larger revolt at the magazines parent company, Cond Nast. Essence Communications, a brand known for its popular monthly magazine and annual music festival, is once again 100 percent African-American owned. 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. However, she also doesnt think BeautyCon will suffer from the negative stain of Essence. In 2000, Time Inc. acquired a 49 percent stake of Essence from its founders and acquired the remaining percentage five years later. Last year, The Wrap reported that a year after a huge event that attracted thousands of attendees, BeautyCon was still struggling to pay vendors. Despite Dennis promises, Black influencers are still wary. Although financial details remain confidential, Essences sale comes at a precipitous time for both the magazine and the larger media landscape. Essence, a 48-year-old monthly lifestyle magazine, has a majority-black readership. This will give Essence a platform and a voice to serve its consumers, which are women of color, Dennis told the New York Times earlier this week. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". What we now have is an opportunity to have the liquidity to make investments in Essence, said Mr. Dennis. Mr. Dennis, the founder of Sundial. Jan 03, 2018. We 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, Dennis said in a statement. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. Dennis bought Essence from Time Inc. in 2018 for an undisclosed sum. Clearly, Ebanks team hopes that Essence wont just evolve, but thrive and survive for the next 48 years. I like the tapered sweater. 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. The ESSENCE team has extended the brands reach and influence across multiple platforms, solidifying its position as the premier destination for African-American women serving an audience of 16.3 million, said Time Inc. President Rich Battista in a memo to staff obtained by NBC News. Know Thyself sweathshirt available @Alkebulan Ujaama Book Store. I would have to see change, see an apology, in order to participate or contribute. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). Long a touchstone of Black culture, Essence celebrated its 50th anniversary with its May issue, which featured the model Naomi Campbell on the cover. THE GRIOT PROJECT: Akron with Umojah Nation Reggae band and student Patrick Warner, poet in training. However, they either didnt respond or declined to comment. Starting with the magazine in 1970, it has expanded globally, eventually leading to the annual Essence Music Festival in 1995 and online website ESSENCE.com. The event had always centered white women and white entrepreneurs, DelSol said, and therefore never appealed to her. IE 11 is not supported. A clean bed is necessary for healing. This major move marks. Essence Names Interim Chief After Claim of Abusive Work Culture, https://www.nytimes.com/2020/07/02/business/media/essence-magazine-accusations.html. American Essence FO R E V E RYO N E W H O LOV E S T H I S C O U N . ESSENCE Co-founder Ed Lewis, former editors-in-chief Marcia Ann Gillespie and Susan L. Taylor speak on the evolution of the magazine and brand. 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. I dont believe in losses, she wrote. Thoughts have power; thoughts have energy. 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. Were counting on you, Caroline. The cookie is used to store the user consent for the cookies in the category "Other. For the last 50 years, Essence Magazine has consistently found innovative approaches to archiving Black women's lives by immortalizing our intellect, literature, and culture on glossy pages. Essence magazine sold (Image Source: Facebook/@Essence) Since 1970 Essence has been the premiere fashion and culture magazine for women of color. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from Time Inc. on Wednesday. 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. AMERICAN ESSENCE brings to you stories that remind us of the promise of America. Richelieu Dennis speaks onstage during the 2018 Essence Festival in 2018. Black News and Black Views with a Whole Lotta Attitude. This is historical.. Celebrity OTE - Spring Arts Guide Daniel Kaluuya. 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). 1028 on display. The spokeswoman added that Ms. Wanga would oversee the independent review of the Essence workplace. 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. With the sale of Essence magazine to a personal-care products mogul, the publication is once again fully black-owned for the first time since 2000. Thats commendable. So lets GOOOOOOOOOO!!! Later in the essay, the writers said the problems at Essence predated the arrival of Mr. Dennis. Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. Essence Ventures was founded in 2017 by Richelieu Dennis, who also. As the Time-Meredith deal closes, Time Inc. has been quietly selling off its more niche titles, including the lifestyle-focused Sunset and now Essence. 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. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. American Essence highlights the morals and traditional. And the mid-sized Penske Mediaowner of Variety and Robb Reportjust snapped up Rolling Stone. Dennis sold his cosmetics company Sundial Brands to Unilever for an estimated $1.6 billion in 2017. 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. The Henry Ford Museum of American Innovation has one on display, which is ironic because the Ford Motor Company was one of the Big Three that was supposedly . This article was originally published in American Essence magazine. 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. 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. When it started off, we knew their demographic. And last year Denniss firmwhich generates some $240 million in annual salespartnered with Unilever to create a $100 million New Voices Fund to support black female entrepreneurs. . 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. Print fond memoriesThis pocket Bluetooth printer lets you print your precious memories before they hit Instagram. Essence is Black A.F., Nottingham said, which is beautiful, but how are they going to [integrate that with BeautyCon]? 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. Anyone can read what you share. It took me 16 years before I agreed to go into mass retail. - Charles Middlemas Uplifting stories about exceptional Americans. 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.
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