Black Owned: Founder of SheaMoisture, Richelieu Dennis, Buys ESSENCE From Time Inc.

January 4, 2018 Lauren Victoria Burke

Essence Communications Inc., a 47-year-old brand that owns EssenceFest and Essence magazine has been purchased by the independent African-American-owned company Essence Ventures LLC.  A January 3rd announcement included the confirmation that ESSENCE President Michelle Ebanks will continue to run Essence Communications Inc. and have equity stake in the business. The entire Essence Communications Inc. board

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