I could live life on the beach, but it was very cold near Lake Erie. American Essence | The Epoch Times Time Inc. announced Wednesday that Essence Ventures, LLC, an independent African-American owned company, acquired Essence Communications. I spent 30 years of my life breaking down the racial barriers of beauty, he said. I dont even know if theres an apology substantial enough to fix it.. 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. Taylor served as Editor-in-Chief of Essence from 1981-2000, but worked for the magazine since its conception in 1970. American Success - American Essence Essence, as an archive of Black life, is also a cornerstone in the . Dennis serves as CEO and executive chairman of Sundial under the Unilever partnership. All rights Reserved. 40 Founders Of Black-Owned Hair Care Brands You Should Know About | Essence 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? We can now invest in women of color as consumers.. Essence Ventures is founded and chaired by Richelieu Dennis, founder of Sundial Brands which owns Shea Moisture. 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. - Monica Guza .. non-political, real-life look at goodness, decency, and excellence in the world. Were never lacking content; were never lacking a story; were lacking an opportunity to compete, she added. The company hired two law firms to conduct an investigation, which found that staff felt overworked and underappreciated but concluded that Dennis didnt engage in behavior that would have amounted to unlawful discrimination, harassment or retaliation. (The anonymous writers of the Medium article did not speak to investigators.). "There's nobody who owns a factory like this that could make thousands, 10 thousand pieces or more, that pays New York 48 . You also have the option to opt-out of these cookies. After the former CEO Michelle Ebanks stepped down in March, the company announced that Dennis would have direct oversight of the company while it searched for a new CEO. 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. Get notified about exclusive offers every week! Essence has necessarily brokered introductions between Black ideas and Black people. 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. The Epoch Times is looking for writers who are passionate and knowledgeable in the field of classical art. This major move marks Essences return to being a 100% black-owned company. 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. 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 . 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 idolize Black capitalism, Black consumerism, and Black wealth over Black people, and I dont see this being an issue at all for them. Founded in 1970, Essence has now expanded, reaching a global audience of more than 16 million across its many platforms. The cookie is used to store the user consent for the cookies in the category "Analytics". Recording Studio: Great journey, I gave a lot of myself to these sessions. The anonymous essay suggested that many Essence employees believe he has not lived up to that statement. But Black capitalism looks like misogyny, sexism, and sexual assault. They have allowed us to invest into the business so that we can bring in the infrastructure and resources.. It is a magazine that focuses on traditional American values and great American stories. Essence Communications announced Thursday that it was acquired from Time Inc. by Essence Ventures for an undisclosed sum. Essence Ventures announced in a press release, in November, Unilever acquired the parent company for SheaMoisture, Sundial Brands. Historian Victor Davis Hanson on the Farmer's Virtues - American Essence Last year, The Wrap reported that a year after a huge event that attracted thousands of attendees, BeautyCon was still struggling to pay vendors. 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, said Ebanks. As a subscriber, you have 10 gift articles to give each month. Whether BeautyCon becomes a platform to help combat those inequities remains to be seen. Essence's New Owner Sees More Than a Magazine | BoF - The Business of Receive updates about new stories in the industry daily or weekly. 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. I think many people dont even know about it because no one cares about Black women. Opinions expressed by Forbes Contributors are their own. 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. 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. 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. Edward Lewis, co-founder of Essence Magazine, is defending his decision to sell the legacy publication to Time Inc. after recent criticisms from recently . With Sale, Essence Is Once Again a Fully Black-Owned Magazine The once exalted media brand dedicated to Black women has been hijacked by cultural and corporate greed and an unhinged abuse of power, the writers said in the essay. Mr. Dennis, the founder of Sundial. This article was originally published in American Essence magazine. 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. READ: Missy Elliott To Receive Essence 2018 Black Women In Music Honor. BRIGHT Magazine Launches Today. Editor-in-Chief Sarika Bansal on the 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. 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. Despite the allegations made against him, Dennis has broken some racial barriers within the beauty industry. Speculation Centers on Value of Successful Festival. Under the influence of coconut oil, shea, olive, and a slight bit of gel to hold it. No one cares about Black women, she continued. The Essence team denied the allegations in a statement Monday, calling them mischaracterizations and unfounded attempts to discredit our brand and assassinate personal character.. HOME - American Essence 1035, and the Maine Classic Car Museum has No. 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. In its tipping guide . American Essence- Vol.1 Issue 7- Preview by Bright Magazine Group - Issuu It does not store any personal data. Members of the team were excited about the announcement. 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. In the Medium essay and on social media, Black Female Anonymous has called for the resignations of Ms. Profet and Ms. Luu; demanded that Ms. Ebanks leave the board; and demanded that Mr. Dennis have nothing to do with running Essence. The City of Cacapava, Sao Paolo, Brazil, owns No. IE 11 is not supported. Mr. Dennis, the founder of Sundial Brands, a Black beauty products company, bought Essence from Time Inc. in 2018. Queen Charlotte: A Bridgerton Story Is Our TV Pick Of The Week, Small Town Horror Story: The Racist Attack Of A FedEx Worker. The anonymous essay was published at a time when many other media companies have wrestled with race and discrimination against Black employees and other workers of color. 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. 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 first time I picked up an issue of Essence magazine, I noticed Susan Taylors picture. 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. That superseded the priority of Black hair care.. 5:11 pm. 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. Michelle Ebanks will continue to serve as president of ESSENCE Communications and will join its board of directors. Subscribe to American Essence We dont want @Essence to fold, the group said. A Traveler's Guide to Tipping in a Changed World Founder of SheaMoisture, Richelieu Dennis, Acquires Essence - The Root His departure was part of a larger revolt at the magazines parent company, Cond Nast. 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. I thank the entire ESSENCE team for their tremendous passion and unrelenting commitment to driving the brands success. We knew they wanted to help Black people with Black hair care, especially with people who do their own hair. 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. 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. The future of Essence was uncertain when it was announced Meredith Corporation was buying Time Inc. in November. Like SheaMoisure, she said. who owns essence magazine | Orbit 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. 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. Yet the sale, no matter its community significance, suggests that minority-focused magazines will forever remain along the fringes of major media. Essence magazine sold (Image Source: Facebook/@Essence) Since 1970 Essence has been the premiere fashion and culture magazine for women of color. (The festival was canceled this year and replaced with a digital event because of the coronavirus pandemic.). Essence Ventures LLC, an independent black-owned company today announced its acquisition of Essence Communications Inc., home of Essence magazine, from . Ebanks directly links this growth to Essences new all-black ownership. Im not surprised people are not talking, DelSol said. They dont take into account victims unless its close to home or it happens to them personally.. Sources familiar with Essence told Page Six that it is likely that current and former employees wrote the anonymous op-ed. Essence is Black A.F., Nottingham said, which is beautiful, but how are they going to [integrate that with BeautyCon]? 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