Ebanks issued a statement which reads in part, This acquisition of ESSENCE 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, 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.. A Traveler's Guide to Tipping in a Changed World who owns essence magazine | Orbit Essence Ventures was founded in 2017 by Richelieu Dennis, who also. Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. The Epoch Times is looking for writers who are passionate and knowledgeable in the field of classical art. We dont want @Essence to fold, the group said. They have allowed us to invest into the business so that we can bring in the infrastructure and resources.. Ivie is a Nigerian-American, native New Yorker, and journalist covering, Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of, magazine, from Time Inc. on Wednesday. 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 . In the summer of 2020, a Medium article was published with damning accusations against Essences owner Richelieu Dennis. 'Essence magazine' sold: Returns to all-Black ownership, female leadership Meet The Founders Behind 75 Black-Owned Beauty Brands You Should Be Long a touchstone of Black culture, Essence celebrated its 50th anniversary with its May issue, which featured the model Naomi Campbell on the cover. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. All rights Reserved. Essence is Black A.F., Nottingham said, which is beautiful, but how are they going to [integrate that with BeautyCon]? 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. It took me 16 years before I agreed to go into mass retail. HOME - American Essence Mike Rowe: America's Favorite Apprentice Channaly Philipp Mike Rowe, America's perpetual apprentice, has been giving viewers a front-row seat to our country's dirtiest jobs for nearly 20 years. We knew they wanted to help Black people with Black hair care, especially with people who do their own hair. Niecy Nash and Jessica Betts are the first same-sex couple on Essence 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. This article was originally published in American Essence magazine. The executive team will also have an ownership interest in the business. 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.. 1035, and the Maine Classic Car Museum has No. We may earn a commission from links on this page. These cookies ensure basic functionalities and security features of the website, anonymously. READ: Missy Elliott To Receive Essence 2018 Black Women In Music Honor. You win and you learn. With this sale, the legacy of essence is back in the control of Black owners. 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. This cookie is set by GDPR Cookie Consent plugin. Essence is not owned by a beauty-products firm, she says. Richelieu Dennis, CEO of SheaMoisture, at Fashion Week in New York in 2015. 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. 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. 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 (magazine) - Wikipedia Founder of SheaMoisture, Richelieu Dennis, Acquires Essence - The Root For more than 50 years, ESSENCE has been a leader in promoting Black-Owned beauty brands. 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The Epoch Times is looking for writers - Talking Biz News When we think about power dynamics and who has the power, if the allegations are true regardless of an investigation that took placewhere can these women go? Since 1970 Essencehas been the premiere fashion and culture magazine for women of color. Terms of the transaction were not disclosed. Clearly, Ebanks team hopes that Essence wont just evolve, but thrive and survive for the next 48 years. Anyone can read what you share. 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. The spokeswoman added that Ms. Wanga would oversee the independent review of the Essence workplace. As we launch BRIGHT Magazine this week, I have in my head the guiding voices of SJN's co-founders. 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. Essence Ventures started in 2017 and is chaired by founder, entrepreneur, investor and philanthropist Richelieu Dennis. But while Meredith hopes to cut costs, Essences new owners are planning to investheavily. The City of Cacapava, Sao Paolo, Brazil, owns No. Were never lacking content; were never lacking a story; were lacking an opportunity to compete, she added. They neglected their niche of Blackness their base demographic of Black women with kinky hair. Colorful earrings by @wheatgrass_scorpio. 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. Im not in the business of selling my soul for a couple of dollars or for popularity, DelSol said. "There's nobody who owns a factory like this that could make thousands, 10 thousand pieces or more, that pays New York 48 . American Essence | The Epoch Times This pocket Bluetooth printer lets you print your precious memories before they hit Instagram. Johnson family sells Ebony magazine For an optimal experience visit our site on another browser. 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. When it started off, we knew their demographic. U.S. Magazine Industry - Statistics & Facts | Statista This is a BETA experience. This is a magazine for Americans who love their nation. The Life And Legacy Of ESSENCE | Essence AMERICAN ESSENCE brings to you stories that remind us of the promise of America. As a subscriber, you have 10 gift articles to give each month. Even with your apology, [victims] still have their trauma and the after-effects. Essence currently reaches over 16 million people via social media, print, digital engagement and live events, according to a spokeswoman for Essence Ventures. 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. 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 . Queen Charlotte: A Bridgerton Story Is Our TV Pick Of The Week, Small Town Horror Story: The Racist Attack Of A FedEx Worker. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . 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. This flare shirt is amazing! Ebanks is referring to the fact that Essences executive team consists entirely of black women. filed for bankruptcy last year after being ravaged by the pandemic. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. We wish the ESSENCE team the best and will watch this celebrated brand continue to flourish in its next chapter," he stated. Ousted Essence Magazine Boss Richelieu Dennis Has Bought Up BeautyCon We value Black activism. 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. I think its cool that it has pockets. Lol, FAMILY: The children and I @University Circles Parade the Circle, Modeling for: http://www.afropunk.com/ Brooklyn, New York, August 2014. Creating Effective Employee Resource Groups | HISPANIC Network Magazine 'Essence' Just Took the Lead in Serving Women of Color. Here's Why It American Success - American Essence But this month, he was back. When you have someone that dominates space that already provides windows and opportunities for women of colorand Black women in particularif Black women speak up, what other spaces are there for them? While [people] say they want to protect Black women, thats a lie. I dont know, but I dont have high hopes of BeautyCon being a more Black space.. - Monica Guza .. non-political, real-life look at goodness, decency, and excellence in the world. 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. Essence Magazine Founder Says He Doesn't Regret Selling to Time Inc. It does not store any personal data. You may opt-out by. Mr. Dennis said that he was raised by a single mother who read Essence magazine and that his four daughters read it. Black Women In Hollywood To Know: Creatives | Essence Meet the writers, hair stylists, costume designers, and all around creatives who are setting the standard today. Savor each page [of American Essence]. 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. *Terms apply. You may negotiate rate based off experience and expertise. Essence, a 48-year-old monthly lifestyle magazine, has a majority-black readership. Essence President Michelle Ebanks will continue at the helm of the company and will join its board of directors; she will also have an equity stake in the business. I think many people dont even know about it because no one cares about Black women. The essay said Mr. Dennis tried to force Essence employees and contractors to sign nondisclosure agreements to protect him and his family from liability or disparagement after a string of wrongful layoffs. It also said that Mr. Denniss wife, Martha Dennis, whom it described as the companys head of human resources, should not serve in that role, calling the arrangement a blatant conflict of interest. (An Essence spokeswoman denied that Ms. Dennis was the head of human resources, saying that she had advised the company in its ongoing HR transition as the company searched for a full-time HR lead.). Print fond memoriesThis pocket Bluetooth printer lets you print your precious memories before they hit Instagram. The magazine focuses on fashion, pop culture, music and black life. 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. We are hiring for both print as well as online articles. Michelle Ebanks will continue to serve as president of ESSENCE Communications and will join its board of directors. Mr. Dennis sold Sundial Brands to Unilever that month. Thank you for being in our corner over the last 47 years. Under the influence of coconut oil, shea, olive, and a slight bit of gel to hold it. New CEO of Ebony and Jet maps a comeback for Black magazine - Los 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. 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 . Despite being profitableand operating the massively successful music festival that anchored the summer-movie hitGirls Tripno major publisher thought that Essence was a worthy acquisition. Essence magazine is a monthly publication whose target audience is African American women. I spent 30 years of my life breaking down the racial barriers of beauty, he said. 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. 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. These cookies track visitors across websites and collect information to provide customized ads. Celebrating 50 Years of Essence as a Black Women's Archive 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. The event had always centered white women and white entrepreneurs, DelSol said, and therefore never appealed to her. Clearly Dennis has committed his life (and substantial economic resources) to supporting minority women. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. Performing Love: standing by college sisters side for her big day in the A (ATL). However, she also doesnt think BeautyCon will suffer from the negative stain of Essence. Again, with skinnys I like my booty to be covered as much as possible. 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. The cookie is used to store the user consent for the cookies in the category "Analytics". Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. 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. Richelieu Dennis speaks onstage during the 2018 Essence Festival in 2018. This website uses cookies to improve your experience while you navigate through the website. American Essence magazine is a breath of fresh air in troubled times! Articles in classical art, music, craft and architecture aims to showcase the timeless beauty of master artists and craftsman throughout antiquity. 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. Published January 6, 2018. As reported earlier by Journal-isms for The Root, the Essence brand was not part of the historic, nearly $3 billion sale of Time Inc. to the Meredith Corp. in November 2017. 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. According to Black Enterprise magazine, Essence president Michelle Ebanks will continue in her role and join its board of directors. 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.. Subscribe to American Essence Essence has always had a close connection to its readers. An 'American Idol' judge walks his daughter down the aisle, more Posted in Art, Ethinicity, Culture, Identity Tagged African American History Month, black history 365, black history month 2017, susan taylor essence, susan taylor history, susan taylor interviews, susan taylor time inc, who owns essence magazine Instead, he framed his latest venture as part of a mission to fight racism in the retail industry. Bain Capital took a minority stake in Sundial in 2015. Were very proud of that, and we see [BeautyCon] as a continuation of that work.. Online content may range from $100-250 per article. Essence CEO Richelieu Dennis Resigns Following Scathing Op-Ed (Page Six), These Mother-And-Son Entrepreneurs Went From Selling Soap On Harlem Streets To An $850 Million Fortune (Forbes). - Edward long Timeless reading that calms and reassures is hard to find. Essence's New Owner Sees More Than a Magazine | BoF - The Business of Throughout the years, I have seen her with various writers, artists, activists, and its easy to see that she is loved. Black News and Black Views with a Whole Lotta Attitude. 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. American Essence highlights the morals and traditional. They dont take into account victims unless its close to home or it happens to them personally.. Ebony is a monthly magazine that focuses on news, culture, and entertainment. This was an important week for minority media. Starting with the magazine in 1970, it has expanded. . We know that we work for you and nothing makes us happier. Continuing in our tradition, we're introducing you to the masterminds behind some of the most popular. This major move marks. This cookie is set by GDPR Cookie Consent plugin. Whether BeautyCon becomes a platform to help combat those inequities remains to be seen. He vowed that Essence Ventures would bring heightened inclusivity to BeautyCon. But Black capitalism looks like misogyny, sexism, and sexual assault. Thoughts have power; thoughts have energy. 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 year's racial reckoning, is. A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. Got it from H&M for $10 a year ago. This cookie is set by GDPR Cookie Consent plugin. The essay, titled The Truth About Essence, was published on the digital platform Medium under the byline Black Female Anonymous, which has identified itself as a group of former and current Essence employees. Later in the essay, the writers said the problems at Essence predated the arrival of Mr. Dennis. The demand for a new America calls for the complete accountability of all Americans, even those of us in Black America and our cultural institutions, the writers said. Taylor served as Editor-in-Chief of Essence from 1981-2000, but worked for the magazine since its conception in 1970. This major move marks Essences return to being a 100% black-owned company. 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. As a classicist, he's at ease with the ancient world but often brings a historian's insightful perspective to current . The company said that there had not been claims or evidence of sexual harassment or misconduct and that it would review any new instances brought to HR. His departure was part of a larger revolt at the magazines parent company, Cond Nast. Everybody aint lying, she said. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). Celebrity OTE - Spring Arts Guide Daniel Kaluuya. Under the agreement, the $2.8 billion deal would include Time, Fortune and Sports Illustrated. Please email all questions and submissions to jennifer.diane@epochtimes.nyc. Top editors from Refinery29, the New York Times, Bon Apptit and the Philadelphia Inquirer resigned last month in response to journalists calling out their own organizations and now Essence can be added to the list of companies making changes. The magazine was founded in 1970 as a black-owned publication for black women who, coming out of the Civil Rights era and in the midst of a new feminist wave, were eager to read not only about fashion and beauty but careers and spirituality too. In addition, the all black female executive team of Essence, including Ebanks, will have an equity stake in the business. Edward Lewis, co-founder of Essence Magazine, is defending his decision to sell the legacy publication to Time Inc. after recent criticisms from recently . The allegations didnt even go very far. Would love your thoughts, please comment. Receive updates about new stories in the industry daily or weekly. On Thursday (Jan. 4), Essencethe nation's leading African American-focused publicationwas sold by Time Inc. to a . 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. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. By clicking submit, you agree to receive emails from Rolling Out and accept our web terms of use and privacy and cookie policy.
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