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Why Hanahana Beauty Founder Abena Boamah-Acheampong Decided To Allow Customers To Have Equity In Her Company

“Stay smooth, don’t be ashy” is the slogan behind Abena Boamah-Acheampong’s Hanahana Beauty. The Ghanaian-American founder and chief executive officer launched the skincare and wellness brand in 2017 to provide consumers with clean products to include in their skincare routines. According to Hanahana Beauty’s website, the shea butter in its products is sourced directly from the Katariga women, who are producers based in Tamale, Ghana. Seven years officially into the beauty industry, Boamah-Acheampong’s mission statement to “increase accessibility, transparency, and sustainability” in their products has continued to spark people’s interest in backing her brand. During an interview with Forbes’ “New Money” podcast, she shared how she built Hanahana into a multi-million dollar company with over $2 million in sales. A pivotal part of the Hanahana Beauty journey was when the company received its first check in 2022 from a Black woman investor , per the outlet. From there,...

Ngozi Nwanji

Apr 9, 2024

Meet Zuri Dale, A Scientist Who Entered Into The Beauty Industry With A Mission To Aid Black Women

In her work as a scientist in the beauty industry, Zuri Dale is instilling confidence in women.

Samantha Dorisca

Mar 23, 2023

Sinsational: Trademark Filing Suggests Future May Soon Be Headed For The Fragrance Industry

In April, Future dropped his ninth studio album — “I NEVER LIKED YOU.” As the focus of several memes and conversations, the Atlanta-based rapper had the attention of fans and opposers alike. And, Future may have plans to take it up a notch by giving people something more to look forward to. Nayvadius Wilburn has documented plans to enter the fragrance industry with Sinsational by Future. What seems to be a play on the words “sin” and “sensational,” Future appears to be staying on-brand with his lyrical content as a trademark filing suggests a launch of his own fragrance.

Josh Rodgers

May 10, 2022

Taraji P. Henson Expands Her Brand TPH With Launch Of Affordable Body Care Collection For All Skin Types

Taraji P. Henson is knocking out the levels of self-care with her brand TPH. According to WWD, the actress and entrepreneur is now making her mark in not only products for hair care, but also body care so customers can glow all over. View this post on Instagram A post shared by taraji p henson (@tarajiphenson) “When we thought about taking care of self, I wanted to go from scalp to toe,” Henson said, according to WWD. “I always had that vision in mind. We wanted to give spotlight to products at an affordable price, luxurious-looking packaging, and spa-like scents to feel like you’re in a spa.” She added: “People are a little traumatized after the pandemic, they’re afraid, and they’re not all going to the places they would normally go. We wanted to bring luxurious products to those people, at an affordable price and with an emphasis on self care.” A prime focus on caring for oneself on a budget has been TPH’s goal since its launch in 2020 under Maesa — a company that incubates beauty...

Ngozi Nwanji

Apr 11, 2022

Beauty Platform Fyyne Hits The Market To Improve The Booking Process For Hair Artists

Beauty platform Fyyne just hit the market. The ideation of Fyyne was created by Jeffrey Fasegha alongside Al-Ameen Ogundiran and Olu Olubanjo. Fasegha reveals while playing semi-pro hockey at his university, finding a reputable hairstylist for his hair type was increasingly difficult. He soon recognized fewer technologies in the beauty space were a perpetuating factor leading to less visibility for Black hair artists. Fasegha confirms many artists were using text or direct messages as their primary mode of contact for customers. “As a former semi-pro hockey player, it was impossible for me to find a barber who could cut my hair when I was moving from one town to another every other week. I had to grow my hair out and wait to go back home before I could get a cut,” said Jeffrey Fasegha, Co-founder and CEO of Fyyne, according to a press release. “When I moved to Toronto for university, I was literally stopping people on the street to ask them where they got their hair done. It took me...

Samantha Dorisca

Jan 31, 2022

Diddy-Backed Beauty Brand Thirteen Lune Closes $3M Seed Funding Round

Inclusive e-commerce beauty brand thirteen lune, backed by Diddy, Gwyneth Paltrow, and more, has closed a $3 million seed round led by venture capital firm Fearless Fund. “We are delighted to welcome thirteen lune into the Fearless Fund family,” says Arian Simone, President and Chief Executive Officer of Fearless Fund, according to Essence. “Nyakio has created a groundbreaking space to foster inclusivity in the beauty and wellness industries and we are excited to support the brand as they continue to scale over the next few years.” As a Black woman founder, receiving funding does not come easy. In fact, only 93 Black women have received venture capital funding over $1 million as of December 2020. Nyakio Grieco — founder of thirteen lune — learned firsthand how difficult raising money can be as an entrepreneur. She was fortunate to collect funds from friends and family to debut her brand into the market. The new funds marks a hopeful step forward to create a new landscape for more...

Samantha Dorisca

Nov 8, 2021

PITCH PLEASE! Competition Awards $300K To Black Women Beauty Businesses Revolutionizing The Industry

Black women-owned beauty businesses deserve more funding to help jumpstart their revolutionary ideas, and thanks to the PITCH PLEASE! competition a few lucky entrepreneurs will be able to do just that. PITCH PLEASE! — a pitch competition powered by Pull Up For Change’s Impact Fund and New Voices Foundation — gathered several up-and-coming Black women-owned beauty brands to pitch their best business ideas that aim to disrupt the industry. After sharing why these brands are the next big thing to help shift the beauty landscape, judges announced this year’s finalists during the 2021 Essence Festival. Winners of the competition — who took home $100,000 — include holistic wellness company Peak and Valley — which provides sustainably packaged, mindfully sourced, and inclusive products; and clean lifestyle beauty brand Peculiar Roots — which specializes in a unique line of products specifically designed to care for locs and natural hair. Other winners include plant-based skincare and...

Njera Perkins

Jul 16, 2021

Industry Vets Create All-Inclusive E-Commerce Platform For Black and Brown Brands to Disrupt the Beauty Industry

More allyship in the beauty industry is needed for Black and brown-founded brands who deserve a bigger platform to showcase their work. Thirteen Lune — a first-of-its-kind e-commerce platform — is setting out to create that space for these founders in a way that resonates with their consumers and also creates more financial gains for these brands. According to a press release, Thirteen Lune was launched to create an experience for consumers that allows them to discover beauty brands founded by Black and Brown entrepreneurs. As stated on the platform’s website, Thirteen Lune is considered the world’s first fully inclusive beauty platform that redefines how Black and Brown beauty brands are viewed from a consumer and industry standpoint. The purpose of the platform is to give each beauty brand a space to both educate and engage a wider audience. Thirteen Lune was co-founded by Nyakio Grieco — founder of nyakio™️ Beauty — and Patrick Herning — founder and CEO of plus size-inclusive...

Njera Perkins

Dec 3, 2020

The Lip Bar CEO Melissa Butler Built Her Brand to Change the Beauty Industry's Standards For Women

The issue of diversity in the beauty industry has been a long-standing debate, especially when Black women are excluded from the conversation. Beauty standards according to the media have contributed to the stigma of racial bias that still exists today, which is what motivated entrepreneur Melissa Butler to create an inclusive brand where women of all shades are represented. Frustrated with the unrealistic standards of beauty defined by the industry, Butler created The Lip Bar — a vegan and cruelty-free beauty brand helping to remind the beauty world and its consumers that everyone is beautiful.   View this post on Instagram   A post shared by The Lip Bar (@thelipbar) “I’m determined to change the way people think about beauty and their experiences with beauty,” she said. “More than anything, I’m just determined to increase the self-esteem of women everywhere.” Butler originally started out as a licensed stock broker on Wall Street before quitting her job and committing to her brand...

Njera Perkins

Nov 18, 2020

Nordstroms Adds New Inclusive Beauty Category, Bringing More Black-Owned Brands To Their Shelves

The beauty industry is not exempt when it comes to diversity. Due to consumers’ demand for more inclusivity stores are offering more brands to provide a more accurate reflection of their shoppers. Retail company Nordstrom has announced the unveiling of its “An Inclusive Beauty” category for both in-store and online after the request for more Black-owned and founded brands. “We heard from our customers that they are looking for Black founded brands as well as beauty products created for everyone’s needs no matter their skin or hair type, tone, complexion, or texture, said Autumne West, Nordstrom’s national beauty director, in an interview with BLACK ENTERPRISE . “We worked to broaden our assortment based on this customer feedback.” Their new category has been able to propel numerous Black-owned businesses which include Afro-Dominican entrepreneur Lulu Cordero with Bomba Curls. “They appreciated the fact that Bomba Curls is a brand on a mission to broaden the spectrum of beauty and...

Shanique Yates

Oct 30, 2020

Beauty App Cherie Makes $100K Commitment to Support LA Beauty Businesses

The beauty industry has taken a huge hit since government officials have ordered all non-essential businesses across the country to close to combat the COVID-19 outbreak. Hair salons and nail salons have halted their services to the public leaving many of them without income and business altogether. Both beauty professionals and the public were quickly hit with the reality that social distancing leaves many without beauty care and others without jobs. However, beauty app Cherie is showing their dedication to the beauty community by providing funding through the Future Beauty Fund Initiative for small beauty businesses and local beauty professionals based in Los Angeles. View this post on Instagram A post shared by cherie (@cherie) “Our vision with Cherie is to build a community around beauty lovers. Like every industry, our community has been affected by COVID-19 and we just want to play our part in supporting them during this difficult time,” said Kelly Chen, co-founder of Cherie....

Njera Perkins

May 8, 2020

This Black CEO Launched a Haircare Line Then Secured a Deal With Target

It’s clear the beauty industry needs some work on diversifying the space, but thanks to Black entrepreneurs like Sherrel Sampson, the industry is seeing a shift occur as more Black women strive to shake things up. Sampson is the founder and CEO of Canviiy , a haircare company dedicated to providing holistic products to promote healthy scalp care. Through her company, Sampson has made her products a go-to hair resolution for everyone. Believe it or not, the idea for Canviiy stemmed from Sampson’s own experience with itchy scalp issues. After an unbearable encounter following a hair braiding appointment, Sampson searched for any and every way to relieve her scalp. “I called my stylist and asked what could I do for my scalp,” shared Sampson. “In that moment, I said ‘Yes, there are scalp oils and products that exist, but the question is are they really effective?'” This same question prompted Sampson to hunt for answers and in her research she discovered other people who also had scalp...

Njera Perkins

Apr 9, 2020