Carol’s Daughter has been sold to an independent entrepreneur in the beauty industry. Born in her Brooklyn, NY, kitchen with just $100 in cash, Lisa Price began selling her hair and body products in 1993 from the comfort of her living room and at flea markets and craft fairs. Her brand attracted the attention of notable names such as Jada Pinkett-Smith, Erykah Badu, and Halle Berry. Carol’s Daughter gained further momentum after Price appeared on “The Oprah Winfrey Show,” which led to the company’s website crashing due to 17,000 interested buyers, Inc. reports . Two years later, Steve Stoute, CEO of UnitedMasters, joined the company as a partner, and the first Carol’s Daughter flagship store debuted in Harlem after receiving an investment from Jay-Z, Jada Pinkett Smith, and Will Smith, as AFROTECH™ previously reported. By 2011, Price was leading a top haircare brand, and three years later, she sold the company to L’Oréal USA. Carol’s Daughter had a $27 million valuation at the time....

Dawn Myers has a solution for the natural hair community.

Madam C.J. Walker has been long since credited as one of the most successful Black beauty entrepreneurs in American history. Way before Black-owned beauty brands began taking over the market, it was her namesake hair-care company that pioneered a space for these businesses to prosper. Walker’s highly sought out creation — Madam Walker’s Wonderful Hair Grower — was a homemade treatment she experimented with that eventually became one of the most innovative products known to hair-care. Her explosive product allowed her to tour the country to share her hair care tips and hair grower with Black women all over. Her 20th century beauty empire and million-dollar legacy single-handedly paved the way for other Black women entrepreneurs to follow their dreams and create an inspiring path in the world of beauty today. Not only was she a role model as a self-made businesswoman, but also as a leading educator and philanthropist as well. Between opening her own hair school and supporting...