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Dr. Lakeysha Hallmon Has Helped Generate $8.3M For Black Entrepreneurs

Dr. Lakeysha Hallmon is creating wealth for Black entrepreneurs. The Village Market The former educator is CEO and founder of The Village Market, an Atlanta, GA-based marketplace launched in 2016 for Black entrepreneurs. Hallmon moved to the city in 2010 to work as an education research and evaluation specialist with the Georgia Department of Education, according to Forbes. Yet, she turned her attention toward strengthening the Black dollar upon observing trends between retail businesses and Black consumers. She began hosting monthly master classes geared toward entrepreneurship and community development, LinkedIn mentions. The Village Retail The Village Market soon followed the master classes. Hallmon’s savings of $20,000, along with $3,500 pooled from family and friends, supported the marketplace’s beginning stages. The venture proved fruitful and allowed it to scale to a storefront in 2020 with The Village Retail. However, the retail launch proved to be a trying time for Hallmon....

Jun 10, 2024

Larry Morrow Opens New Orleans Steakhouse With Goal Of Becoming The 'Largest Black-Owned Hospitality Group In The Country'

Larry Morrow is opening another restaurant in his hometown of New Orleans, LA. As previously reported by AFROTECH™, Morrow became an entrepreneur at 22 years old with the opening of Larry’s Poboys & Wings, which later closed. Learning from his mistakes and with the wisdom that comes with age, he would return with the opening of Morrow’s in 2018. “Learning from when I was 22, it helped prepare for when I opened up Morrow’s,” he mentioned during an interview with “Earn Your Leisure.” “I knew I needed more reserves and I was just mentally in a better place. I was much more mature than 22 years old.” He continued, “I opened up Morrow’s, it was like a line out the door and I’m like, ‘Oh sh-t, we on to something.” Morrow would go to open up five different restaurants and a club by 2023, and most recently his business has scaled once again with the launch of Morrow Steak, bringing him closer to his aspirations of making history in the hospitality industry. “I want to be the largest...

Jun 6, 2024

Founder Derrick Hayes And Big Dave's Cheesesteaks Secure Multi-Year Agreement For Brick-And-Mortar Location At Mercedes-Benz Stadium

Another win for Derrick Hayes. The Big Dave’s Cheesesteaks founder and CEO has secured a four-year agreement that will scale the business at the Mercedes-Benz Stadium in Atlanta, GA. Starting in 2022, he had two portable vendor cart slots placed around the stadium and soon expanded to three. Now, sports fans will be able to visit a brick-and-mortar location in Section 107 of Mercedes-Benz Stadium and enjoy staple items such as signature cheesesteaks, seasoned fries, chicken tenders, and its newest offering, the Fried Chicken Cheesesteak. The new location will replace the carts. “We are thrilled to secure this four-year deal with Mercedes-Benz Stadium, further expanding the reach of Big Dave’s Cheesesteaks,” Hayes said in a news release. “This partnership aligns perfectly with our mission to bring our exceptional food to even more fans and event-goers. We look forward to being a proud sponsor and delivering an unparalleled dining experience at one of the world’s premier sports and...

May 24, 2024

Brittney Mikell Left The Pharmaceutical Field With Aspirations To Become The First Black Woman To Own A Brewery In Minnesota

Former pharmacist Brittney Mikell will be making history in her next chapter. WCCO-TV reports Mikell exited her role in pharmacy after experiencing burnout. She then decided to purse her passion in brewing and landed a role as an assistant brewer at La Dona Cerveceria in Minneapolis, MN. “I didn’t feel like I was making the impact that I really wanted to in healthcare,” Mikell explained to  Eater Twin Cities. “I woke up one day and realized that this could be a really cool place where I could make an impact. You only really live once, so I decided, let’s just pivot — why not?” Mikell maintained bigger aspirations while working at La Dona Cerveceria, referring to herself as “a huge dreamer,” per WCCO-TV. She plans to become the first Black woman to own a brewery in Minnesota. This is significant as just 1% of breweries in the U.S. are Black-owned, Essence reports. Additionally, of the 200 breweries in the state, few are owned by women or people of color, WCCO-TV mentions. “The...

May 23, 2024

Big Dave's Cheesesteaks, Founded By Derrick Hayes, Expands To Its First Out-Of-State Location Poised To Create 30 New Jobs

Big Dave’s Cheesesteaks, founded by Derrick Hayes, is crossing state lines. The restaurant, which was born from Hayes’ interest in cooking while in the kitchen with his grandfather, notes Forbes, has scaled from a 700-square-foot gas station in Dunwoody, GA, to multiple locations across Atlanta, GA, including the Mercedes-Benz Stadium. In 2023, Hayes’ had cemented a deal that pivoted the business to a franchise model allowing the restaurant to further capitalize off its success. By doing so, 10 restaurants are already set to form across central Florida as former PepsiCo executive Derek Lewis signed a franchise agreement with Hayes in January 2024, as AFROTECH™ previously reported. Now, Big Dave’s Cheesesteaks is poised for even further growth in light of its newest establishment opening at 8552 University City Blvd., Charlotte, NC 28213, its first out-of-state location, according to a press release provided to AFROTECH™. “From a humble gas station start to expanding across state...

May 14, 2024

Rihanna's Billion-Dollar Savage X Fenty Lingerie Brand Is Set To Open Retail Stores

It’s finally here, Rihanna’s Savage X Fenty is set to open its very own retail stores. On Friday, Jan. 7, Rihanna announced in a tweet that the $1 billion lingerie brand will expand to include brick-and-mortar stores starting with a handful of cities in the U.S. 2022, we coming in HOT! we bout to bring you a whole new #SavageXFenty experience with the launch of our brick-and-mortar retail stores! — Rihanna (@rihanna) January 7, 2022 “2022, we coming in HOT! We bout to bring you a whole new #SavageXFenty experience with the launch of brick-and-mortar retail stores,” the singer wrote in a tweet accompanied by an exclusive mockup of the upcoming store.

Jan 7, 2022

Hylux's Lamar Letts Becomes One Of The Youngest CEOs To Have His Products Sold On

From a college dorm to the world’s largest retailer, Hylux founder Lamar Letts is making major moves for his brand. Back in 2016, Letts pivoted from participating in sports to pursuing entrepreneurship as a college student who launched his own vitamin-enhanced water brand. After introducing his brand onto Amazon earlier this year, the millennial founder’s products have now made their way onto — making Letts one of the youngest founders to have products sold nationwide via the world’s largest retailer. After his heart injury — known as myocarditis — put an end to his track career, Letts found a way to recover and persevere as a student entrepreneur at Northeastern University. Through Hylux, he was able to fill a void in the food and beverage space for sports drinks and give athletes a drink they can depend on. According to him, growing up with a family with roots in the food industry is what influenced him to want to create something revolutionary at the intersection of...

Jul 22, 2021

Camille Rose, Ulta's Most Requested Brand, Inks Brand Partnership With Beauty Retailer

Camille Rose — one of the largest Black-owned hair-care brands in the U.S. today — is not new to mass retail partnerships, as it has existing relationships with retailers like Target, Sally Beauty, CVS, and more. After being in business for over 10 years, Camille Rose has announced today that it has scored its most distinguished partnership deal to date with Ulta Beauty, launching in both physical U.S. stores and online, according to Glossy. Retail Brew reports that after becoming the most-requested brand from Ulta shoppers, the retailer reached out to form the new partnership. “Ulta will heighten our awareness and provide a different consumer, one who may be more ingrained in the beauty experience,” founder Janell Stephens told the outlet. The news of this new partnership arrives after Ulta announced a grand diversity plan to do a bigger push behind Black-owned beauty brands and double the amount of brands stocked at its store locations. Similar to the retailer’s action plan, we’ve...

Apr 12, 2021

Ciara & Russell Wilson Launch Retail Enterprise to Merge Their Fashion Interests and Philanthropy

Power couple Ciara and Russell Wilson are flexing their entrepreneurial skills yet again with a new business venture that’s merging fashion and philanthropy together. Today, the Grammy-winning singer and star NFL quarterback announced their latest business project called The House of LR&C, a retail concept that focuses on merging the couple’s philanthropic commitments with their interest in the fashion world, VOGUE reports. The fashion house is meant to be home to several brands in the near future including Wilson’s existing men’s apparel line, Good Man Brand, but is reportedly starting with sustainable streetwear line, Human Nation. According to VOGUE, the brand ties in a give back component with the Wilsons’ Why Not You Foundation to engage its consumers, which is expected to be a common thread among its future brand partners. Through this newly-launched enterprise, the Wilsons aim to democratize the fashion industry for young people while also inspiring them to get involved in...

Dec 1, 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...

Oct 30, 2020

Don't Know Where to Find Black-Owned Businesses? These Five Apps Can Help

August is set aside to help shed light on Black ownership and encourage others to support Black-owned businesses. This month marks the fifteenth anniversary of the holiday, National Black Business Month , which was started by Frederick E. Jordan and John William Templeton in 2004 . However, supporting Black-owned businesses can be difficult if you don’t know where they are. We’ve rounded up a list of five apps or websites that will help direct you to Black-owned businesses. From restaurants to hair care, there’s a little bit of something for everybody. 1. EatOkra (iOS and Android) If you’re in the mood for food, consider checking out EatOkra. Founded by Anthony and Janique Edwards in 2016, this app helps you locate Black-owned restaurants in 35 different cities, including Washington, D.C., Philadelphia, Minneapolis, Chicago, and more. Don’t get offended if you log on and notice that a beloved Black restaurant from your city is missing. EatOkra relies on users to help direct it to...

Feb 26, 2020

How The Home Depot Provides The Tools To Build A Technology Career

Atlanta has become one of the fastest-growing startup scenes in the country. According to a report by the CBRE Group , the city has one of the most competitive tech markets in the country and is ranked in the Top 10 Tech cities list. Founders from around the country are bringing their ideas to the burgeoning technology scene for a chance to be the next Jeff Bezos or Steve Jobs. The city is also home to the $100 billion home improvement retailer, The Home Depot. The brand and its internal technology team are blazing a trail into the technology field one hire at a time. In 2018, the company kicked off a three-year strategic plan with an $11.1 billion investment in the company. The plan includes seamlessly connecting the customer experience in-store and online, creating an industry-best supply chain, and speeding up the checkout process for customers. An internal and external upgrade in technology was needed for the company to meet these goals. As part of the initiative, the company...

Oct 2, 2019

Techstars And Target Are Launching a Germany/US Based Accelerator for Retail Startups

Target Retail Accelerator and Techstars are teaming up for another year to help startup companies in retail. The program is usually US based, but this year it’s going international. Target will be working with METRO, a Germany-based wholesale company, to conduct a 14-week program for founders abroad. Each startup in the program receives $120,000 and will split time between Germany and Minneapolis. Target and METRO are sharing the cost of the investments for the companies. The first three weeks of the program will take place in Berlin and the following  three weeks will be in Minneapolis. Founders can choose which location to work from for the remaining weeks of the accelerator. The program is from May until August and application are due February 24. For more on how to apply check out the application here.  

Feb 6, 2019

Paula Price will join Macy's, Inc. as CFO

Starting July 9, 2018, Paula Price will serve as Macy’s, Inc. Chief Financial Officer. Price succeeds Karen Hoguet, who plans to retire at the end of the 2018 fiscal year. Before this upcoming role, Price has had 30 years of experience in finance roles, especially in retail and consumer-facing business. She currently lectures full-time at Harvard Business School in the accounting and management department. In her new role as CFO, Price will be leading finance, accounting, investor relations and internal audit functions, according to Business Wire . The role will be based in New York. After obtaining an M.B.A. in finance and strategy from the University of Chicago, a bachelor’s degree in accounting from DePaul, and being certified as a public accountant, she held roles as chief financial officer of Ahold USA, senior vice president, controller and chief accounting officer for CVS Caremark Corporation and even senior-level roles at companies such as JPMorgan Chase, Diageo, Kraft Foods...

May 31, 2018