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.. But hes entering the industry as a neophyte at a time when mediaparticularly independent mediais struggling for survival. The first time I picked up an issue of Essence magazine, I noticed Susan Taylors picture. The monthly lifestyle magazine covers fashion, beauty, entertainment and culture. Like SheaMoisure, she said. Braids by my homegirl Aziza Yasmine. 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.. Taylor served as Editor-in-Chief of Essence from 1981-2000, but worked for the magazine since its conception in 1970. 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. But Black capitalism looks like misogyny, sexism, and sexual assault. 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. The magazine focuses on fashion, pop culture, music and black life. The cookie is used to store the user consent for the cookies in the category "Other. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. We can now invest in women of color as consumers.. 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 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. READ: Chance The Rapper Joins Essence Fest As Headlining Act. Even with your apology, [victims] still have their trauma and the after-effects. This flare shirt is amazing! The essay also had criticism for two other Essence leaders, the chief operating officer, Joy Collins Profet, and the chief content officer, MoAna Luu. As a classicist, he's at ease with the ancient world but often brings a historian's insightful perspective to current . iSoloArtist. Essence Communications, a brand known for its popular monthly magazine and annual music festival, is once again 100 percent African-American owned. This pocket Bluetooth printer lets you print your precious memories before they hit Instagram. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. 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 . Because I hope they dont stray from the culture of Essence. A clean bed is necessary for healing. Essence currently reaches an audience of more than 16 million across its various platforms, including its print magazine; digital, video and social platforms; television specials; books; and live events, such as the annual Essence Festival, a 22-year-old cultural celebration that attracted more than 450,000 attendees to New Orleans last summer. I dont believe in losses, she wrote. Bain Capital took a minority stake in Sundial in 2015. Essence covers African-American beauty and style. 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. 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. I thank the entire ESSENCE team for their tremendous passion and unrelenting commitment to driving the brands success. 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 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. Continuing in our tradition, we're introducing you to the masterminds behind some of the most popular. Sundial Brands announced in November a partnership with Unilever to acquire Sundial. and a graphic artist! Members of the team were excited about the announcement. . Under the influence of coconut oil, shea, olive, and a slight bit of gel to hold it. Mr. Dennis has also stepped away from the daily leadership role he had assumed since the departure of Ms. Ebanks, the company said in a separate statement. Colorful earrings by @wheatgrass_scorpio. Im not surprised people are not talking, DelSol said. Bain Capital took a minority stake in Sundial in 2015 in a deal that valued the company at roughly $700 million. 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. 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. I spent 30 years of my life breaking down the racial barriers of beauty, he said. Essence has always had a close connection to its readers. Co-founded by Ed Lewis and Clarence Smith in 1968, Essence has been one of the lifestyle go-to companies for African-American women. Mr. Dennis, the founder of Sundial. The event had always centered white women and white entrepreneurs, DelSol said, and therefore never appealed to her. This is a BETA experience. But we must fix the systemic brokenness of any Black cultural institution that devalues Black women. All rights Reserved. Essence is not owned by a beauty-products firm, she says. The Essence motto is Black women come first, and Mr. Dennis said he intended to live up to it. Its target audience is the African-American community, and its coverage includes the lifestyles and accomplishments of influential black people, fashion, beauty, and politics.. Ebony magazine was founded in 1945 by John H. Johnson, for his Johnson Publishing Company.He sought to address African-American issues . As part of the growth plan, we will launch and/or acquire new content verticals and new brands in order to super serve our community of women,says company president Michelle Ebanks, who is leading Essences all-female executive team. You also have the option to opt-out of these cookies. 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 cookie is used to store the user consent for the cookies in the category "Analytics". In its tipping guide . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The cookie is used to store the user consent for the cookies in the category "Performance". 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. Since 1970 Essencehas been the premiere fashion and culture magazine for women of color. Would love your thoughts, please comment. The top editor of Bon Apptit, Adam Rapoport, resigned last month after a photo of him costumed in stereotypical Puerto Rican attire resurfaced on social media. Ebanks is referring to the fact that Essences executive team consists entirely of black women. 2,017 people have signed it. Dennis serves as CEO and executive chairman of Sundial under the Unilever partnership. I am a believer that when we own our media companies they represent an authentic voice, Ms. Spann-Cooper said. On Tuesday two days after the essay was posted Mr. Dennis named her the interim chief executive. American Essence highlights the morals and traditional. Essence Names Interim Chief After Claim of Abusive Work Culture, https://www.nytimes.com/2020/07/02/business/media/essence-magazine-accusations.html. Long a touchstone of Black culture, Essence celebrated its 50th anniversary with its May issue, which featured the model Naomi Campbell on the cover. This is historical.. Lol, FAMILY: The children and I @University Circles Parade the Circle, Modeling for: http://www.afropunk.com/ Brooklyn, New York, August 2014. Mr. Dennis sold Sundial Brands to Unilever that month. 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. 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