who owns american essence magazine

American Essence FO R E V E RYO N E W H O LOV E S T H I S C O U N . 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? 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. We idolize Black capitalism, Black consumerism, and Black wealth over Black people, and I dont see this being an issue at all for them. Writing a comprehensive business plan is the first step in starting a business. Im not surprised people are not talking, DelSol said. But Black capitalism looks like misogyny, sexism, and sexual assault. But while Meredith hopes to cut costs, Essences new owners are planning to investheavily. 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. I see you, with my black panther intuition, They say, you made your bed, now lay in it! So, I make sure I dwell in a spiritual, spirit-filled bed. Dennis serves as CEO and executive chairman of Sundial under the Unilever partnership. Ms. Luu, the head of content, will step back from day-to-day operations during the course of the review, the statement said. It began publishing Essence magazine in May 1970. We know that we work for you and nothing makes us happier. The first time I picked up an issue of Essence magazine, I noticed Susan Taylors picture. Even with your apology, [victims] still have their trauma and the after-effects. However, they either didnt respond or declined to comment. 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. 40 Founders Of Black-Owned Hair Care Brands You Should Know About | Essence At the helm of these beloved brands are Black business owners who've made it their mission from the beginning to. Im very focused on giving back, investing and growing my community, he said. I hope this means there is an opportunity for us to stay in business, she said. We also use third-party cookies that help us analyze and understand how you use this website. In the essay, Black Female Anonymous tied their efforts to the larger social protest movement that has swept the country. She looked like a statue of an ancient African goddess, sort of that Grace Jones bold look, but with clothes. These cookies ensure basic functionalities and security features of the website, anonymously. 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. Those findings have not changed the views of some. Mr. Dennis would not discuss the details of the sale. Bennett Raglin / Getty Images For SheaMoisture, Lifestyles publisher Meredith buying Time Inc. in Koch brothers-backed deal. Ebanks will also have equity stake in the business along with the executive team of ESSENCE. We can now invest in women of color as consumers., With Sale, Essence Is Once Again a Fully Black-Owned Magazine, https://www.nytimes.com/2018/01/03/us/essence-sale-black-owned.html. Essence, as an archive of Black life, is also a cornerstone in the . The executive team will also have an ownership interest in the business. Michelle Ebanks will continue to serve as president of ESSENCE Communications and will join its board of directors. READ: Missy Elliott To Receive Essence 2018 Black Women In Music Honor. 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. 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. Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . In 2000, the magazines founders, Clarence Smith and Ed Lewis, sold a 49 percent stake in Essence to Time Inc. According to reports, Merediths goal upon full ownershipis to save $400 million to $500 million over the next two years. Later in the essay, the writers said the problems at Essence predated the arrival of Mr. Dennis. The cookies is used to store the user consent for the cookies in the category "Necessary". . The reason is because of the racist structures that existed in mass retail., He said hair care products were once racially segregated on store shelves but, thanks to his efforts, retailers have come to realize theres a much bigger market opportunity when you engage in Black brands on a fair and consistent basis. I like the tapered sweater. We accept that because what else is the ultimate goal in this country?. 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. African-America backing, she notes, is not only symbolically important, but ownership is an important pillar of economic empowermentand directly builds wealth and strengthens communities of color., Black media insiders also applauded the Essence deal. 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. I dont know, but I dont have high hopes of BeautyCon being a more Black space.. The letter, which was posted on social media, also demanded that Essence be transparent about the law firms it will hire for the planned review, adding that they must not have ties to Mr. Dennis or others in leadership roles.In an Instagram post on Thursday, Ms. Wanga sounded optimistic about the future of Essence. 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. 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. Essence has necessarily brokered introductions between Black ideas and Black people. - Monica Guza .. non-political, real-life look at goodness, decency, and excellence in the world. That reality was reflected by Johnson Publishing Companys sale two years ago of Ebony and Jet to a private equity firm in Texas, creating a void in black-owned media companies. We knew they wanted to help Black people with Black hair care, especially with people who do their own hair. 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 future of Essence was uncertain when it was announced Meredith Corporation was buying Time Inc. in November. 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.. "There's nobody who owns a factory like this that could make thousands, 10 thousand pieces or more, that pays New York 48 . 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. 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 coronavirus pandemic didnt help financial matters. 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. Ms. Wanga joined the company as its chief growth officer on Monday. Instead, Essence is now in the hands of Dennis, a media newcomer who made his fortune in shea-butter cosmetics. Yet the sale, no matter its community significance, suggests that minority-focused magazines will forever remain along the fringes of major media. We value Black activism. iSoloArtist. Essence has been an influence for African-American women since its first publication in May 1970. This is a BETA experience. In the summer of 2020, a Medium article was published with damning accusations against Essences owner Richelieu Dennis. This major move marks Essences return to being a 100% black-owned company. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). The website for Bright is The Epoch Times (see below). His departure was part of a larger revolt at the magazines parent company, Cond Nast. American Essence brings you the best of America, past and present, to help you create a better future for yourself and the country. I would have to see change, see an apology, in order to participate or contribute. In the same . As a classicist, he's at ease with the ancient world but often brings a historian's insightful perspective to current . Edward Lewis, Clarence O. Smith, Cecil Hollingsworth and Jonathan Blount founded Essence Communications Inc. (ECI) in 1968. Like SheaMoisure, she said. In 2017, it was sold to the conglomerate Unilever, but Dennis remains Sundials CEO and executive chairman. 1028 on display. Sources familiar with Essence told Page Six that it is likely that current and former employees wrote the anonymous op-ed. Jan 03, 2018. We may earn a commission from links on this page. We may earn a commission from links on this page. 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. The whole idea when [BeautyCon] was founded was to be an inclusive place for all women to express their individual beauty, Dennis said. 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. 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. 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.. For the first time in nearly two decades, Essence magazine is once again a fully black-owned publication. 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. 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. 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.. This is historical.. This article was originally published in American Essence magazine. 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. Ebanks is referring to the fact that Essences executive team consists entirely of black women. American Essence highlights the morals and traditional. It is a magazine that focuses on traditional American values and great American stories. Thoughts have power; thoughts have energy. I remember in December 2012, in a meeting to set the definition of solutions journalism, Tina insisted we use the word "rigorous" so as to differentiate it from fluffier stories about firefighters saving cats from trees. It also holds an annual music festival, which was headlined last year by Diana Ross, Mary J. Blige and Chance the Rapper. 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. The Epoch Times is looking for writers who are passionate and knowledgeable in the field of classical art. Thank you for being in our corner over the last 47 years. Time Inc. announced Wednesday, that Essence Ventures LLC, an independent African-American owned company, acquired the media company. 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. Were counting on you, Caroline. That superseded the priority of Black hair care.. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. American Essence April 24, 2022 Liberty Tree: A Look at Thomas Paine's Song Celebrating the Beauty of American Freedom In a chariot of light from the regions of day, The Goddess of Liberty. 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 cookie is used to store the user consent for the cookies in the category "Performance". Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. Since 1970 Essencehas been the premiere fashion and culture magazine for women of color. The magazine has a circulation of more than one million and its website attracts nearly seven million unique visitors each month. And the mid-sized Penske Mediaowner of Variety and Robb Reportjust snapped up Rolling Stone. 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, Essencepresident Michelle Ebanks told Business Wire, who will keep her place at the helm of the company will also joining its board of directors. Instead, he framed his latest venture as part of a mission to fight racism in the retail industry. 1035, and the Maine Classic Car Museum has No. 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 Co-founder Ed Lewis, former editors-in-chief Marcia Ann Gillespie and Susan L. Taylor speak on the evolution of the magazine and brand. Receive updates about new stories in the industry. 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. 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. In addition, Ebanks, along with a Black female-led executive team, will have an equity stake in the business. - Charles Middlemas Uplifting stories about exceptional Americans. By clicking submit, you agree to receive emails from Rolling Out and accept our web terms of use and privacy and cookie policy. In 2000, Time Inc. acquired a 49 percent stake of Essence from its founders and acquired the remaining percentage five years later. Melody Spann-Cooper, chairwoman of Midway Broadcasting Corporation, which owns WVON, a Chicago radio station whose target audience is black, welcomed Essences return to being an all-black-owned company. 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. 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. The cookie is used to store the user consent for the cookies in the category "Other. But this month, he was back. 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 brings to you stories that remind us of the promise of America. The most valuable part of writing a business plan is the education you gain by researching and . iEmerge in a duo. Radiant Life Magazine is a nonpolitical magazine that aspires to revive traditional culture with lifestyle content that uplifts and inspires readers. However, she also doesnt think BeautyCon will suffer from the negative stain of Essence. Opinions expressed by Forbes Contributors are their own. Gerren Keith Gaynor March 13, 2013 918. Richelieu Dennis, the owner of Essence Ventures, at the 2018 Essence Festival in New Orleans. According to Black Enterprise magazine, Essence president Michelle Ebanks will continue in her role and join its board of directors. Performing Love: standing by college sisters side for her big day in the A (ATL). The company owns . Founded in 1970, Essence has now expanded, reaching a global audience of more than 16 million across its many platforms. I could live life on the beach, but it was very cold near Lake Erie. Essence Communications, a brand known for its popular monthly magazine and annual music festival, is once again 100 percent African-American owned. 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.. It took me 16 years before I agreed to go into mass retail. I dont even know if theres an apology substantial enough to fix it.. 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 Women In Hollywood To Know: Creatives | Essence Meet the writers, hair stylists, costume designers, and all around creatives who are setting the standard today. Got it from Dillards for $14. 5:11 pm. For an optimal experience visit our site on another browser. This cookie is set by GDPR Cookie Consent plugin. As a subscriber, you have 10 gift articles to give each month. The allegations didnt even go very far. 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. and a graphic artist! Correction: A previous version of this story incorrectly stated that Richelieu Dennis had the title of interim CEO. The spokeswoman added that Ms. Wanga would oversee the independent review of the Essence workplace. Taylor served as Editor-in-Chief of Essence from 1981-2000, but worked for the magazine since its conception in 1970. 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. Bain Capital took a minority stake in Sundial in 2015. Essence, a 48-year-old monthly lifestyle magazine, has a majority-black readership. Mr. Dennis, the founder of Sundial. When it started off, we knew their demographic. 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. 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 cookie is set by GDPR Cookie Consent plugin. But opting out of some of these cookies may affect your browsing experience. 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. Essence said that he helped lead the team but never took on the role and responsibilities as CEO. Mr. Dennis sold Sundial Brands to Unilever that month. 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.. I think many people dont even know about it because no one cares about Black women. Necessary cookies are absolutely essential for the website to function properly. We are hiring for both print as well as online articles. 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. In addition, the all black female executive team of Essence, including Ebanks, will have an equity stake in the business. Essence Magazine is now 100% black-owned. 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. Essence Ventures is founded and chaired by Richelieu Dennis, founder of Sundial Brands which owns Shea Moisture. Celebrity OTE - Spring Arts. Got it from H&M for $10 a year ago. They also alleged that he tried to force Essence employees and contractors to sign non-disclosure agreements to protect himself and his family members who worked in leadership positions at Essence. Fix it or fold.. Sundial Brands announced in November a partnership with Unilever to acquire Sundial. Get notified about exclusive offers every week! Magazine articles are $250 per article. Dennis bought Essence from Time Inc. in 2018 for an undisclosed sum. Essence magazine sold (Image Source: Facebook/@Essence) Since 1970 Essence has been the premiere fashion and culture magazine for women of color. This cookie is set by GDPR Cookie Consent plugin. About - Essence Celebrity OTE - Meagan Good Daniel Kaluuya Digital Cover Digital Cover Method Man Digital Cover Zazie Celebrity News 'Yes, Girl!' Podcast Entertainment Black Celeb Couples. 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. 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 . But hes entering the industry as a neophyte at a time when mediaparticularly independent mediais struggling for survival. 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). It is a brand I only see at Target. On Thursday (Jan. 4), Essencethe nation's leading African American-focused publicationwas sold by Time Inc. to a . 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. 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. 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. The anonymous essay suggested that many Essence employees believe he has not lived up to that statement. A target of Black Female Anonymous is Richelieu Dennis, the owner of Essence Ventures, the parent company of the magazine and Essence Communications. What we now have is an opportunity to have the liquidity to make investments in Essence, said Mr. Dennis. Under the influence of coconut oil, shea, olive, and a slight bit of gel to hold it. - Edward long Timeless reading that calms and reassures is hard to find. 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.. We dont want @Essence to fold, the group said. Savor each page [of American Essence]. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Essence Ventures is an African-American owned company focused on merging content, community, and commerce founded by Richelieu Dennis, the CEO and founder of Sundial Brands. The group has given Ms. Wanga, the interim leader, until the close of business on Friday to comply. In 2018, he bought the Essence brand, vowing to scale Black-owned brands and bring much-needed diversity to the beauty and lifestyle world. And you can make your world or break it by your own thinking. -Susan Taylor, When is Kwanzaa and my daily Kwanzaa practice, "I saw the Angel in the marble, and carved until I set him free", Prime my subconscious, one hint at a time. They neglected their niche of Blackness their base demographic of Black women with kinky hair. 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.). 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. 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. No one cares about Black women, she continued. Anyone can read what you share. 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. Terms of the transaction were not disclosed. With a circulation of over 1 million and some 8.5 million monthly readers, Essence is hardly nicheand it should have been appealing to major publishing corporations. 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 Inc. (ECI) was founded in 1968 by Clarence O. Smith, Cecil Hollingsworth, Jonathan Blount, Denise M. Clark, and Edward Lewis.

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