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Black Opal Is Now Owned By Two Black Women

Black Opal , a makeup brand that has been serving women of color for 25 years, has been acquired by Desirée Rogers and Cheryl Mayberry McKissack. The brand set the foundation for Black-owned beauty brands like KA’OIR Cosmetics, The Lip Bar and Beauty Bakerie to serve women of all shades and skin types. Black Opal includes skincare, makeup and other beauty products for various skin tones and types that a re currently sold online, at Target and other national retailers. “When we acquired Black Opal our goal was to stay true to the founders’ passion,” Mayberry McKissack said in a statement. “As we continue to grow the company and bring high-quality products to the market, we also plan to focus on creating a positive impact in our communities.” This partnership isn’t Rogers and Mayberry McKissack’s first rodeo together. The two also worked alongside each other at Johnson Publishing Company, where Rogers served as the CEO and Mayberry McKissack was the COO and President of Digital Media....

Arriana McLymore

Sep 27, 2019

Walker and Company Acquired By Procter & Gamble

Procter and Gamble has acquired black-owned beauty and grooming startup Walker & Company Brands. Walker & Company Brands gained popularity after releasing beauty products tailored to people of color and the newest acquisition from Procter and Gamble could reflect a desire for the company to bring more inclusive brands and products into the fold. Walker & Company Brands currently makes Bevel, a grooming product geared toward men of color and FORM, a haircare line for women of color. “When I started Walker & Company Brands, I set out to build a company that would meet the health and beauty needs of people of color on a global scale,” Walker & Company Brands CEO Tristan Walker said. “Having access to P&G’s outstanding technology, capabilities and expertise helps us to further realize that vision. According to reports, Proctor and Gamble could have paid anywhere between $20 million and $40 million for the company. Here’s more from Recode’s Jason Del Ray. The companies did not disclose...

Arriana McLymore

Dec 12, 2018