Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Sephora Beauty Grant Will Benefit A Black Beauty Business Owner

rmtsa by rmtsa
November 15, 2023
in DramaAlert
0
Sephora Beauty Grant Will Benefit A Black Beauty Business Owner
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Adult Son Murdered Affluent Parents, Housekeeper After They Cut Him Off, Then Went on Spending Spree: DA

Kingsley Ben-Adir & Archie Madekwe Among Cast Of ‘The Arrival’ — AFM

Ford wants to revisit ending ticket scalping amid Blue Jays ‘gouging’

Sephora Beauty Grant Will Benefit A Black Beauty Business Owner

by Jeffrey McKinney

November 14, 2023

Cosmetics giant Sephora and the Fifteen Percent Pledge are uniting to present $100,000 to a Black business owner in the beauty industry.

Cosmetics giant Sephora and the Fifteen Percent Pledge are uniting to present $100,000 to a Black business owner in the beauty industry.

Called the Sephora Beauty Grant, the award will come through a partnership between the retailer and the Pledge. It is aimed to help spur growth for a Black entrepreneur and their brand. The business must have annual revenue of at least $100,000 and have been in operation for a minimum of two years. Applications are open now and those interested in applying should review more details including eligibility and other criteria, found here.

With a vast global reach, Sephora sells beauty product at stores and online, including cosmetics and skincare goods. Launched in 2020, the Pledge is a nonprofit organization encouraging retailers to commit at least 15% of their shelf space to Black-owned businesses.

Though the number of Black businesses has soared post-COVID-19, the funding has not, as gaining financing to open or expand remains among the largest obstacles for those establishments. Black startup founders supposedly gained just $264 million of $33.6 billion as of late 2022, which is less than 1%.

Black Americans spend big on beauty. This report shows this “diverse and growing group of 41 million people” dispersed $6.6 billion on those items in 2021. Still, the chance of equity in the beauty industry, like other sectors, has been evasive. For instance, it was revealed that Black brands account for just 2.5% of industrywide revenue, though Black consumers represent over 11% of the nation’s total beauty spending.

Priya Venkatesh, Global Chief Merchandising Officer at Sephora, stated in her comments “Partnering with the Pledge on this wonderful initiative is a natural evolution of the work we’ve done together, and we couldn’t ask for more passionate partners.  We’re excited to see the beauty industry experiencing massive growth in expanding opportunities and client exposure to Black-owned brands, and we hope that this grant will help to further propel the next generation of Black beauty owners.”

LaToya Williams-Belfort, the Pledge’s executive director, stated, “Through our daily work, we tactically understand the systemic and nuanced barriers that continue to prevent Black brands from growing and developing at scale.”

She added, “Not only will the Sephora Beauty Grant provide an innovative small business with critical capital, but it will also drive a direct integration within Sephora’s ecosystem, furthering our goal of creating equitable and sustainable business partnerships for Black entrepreneurs.”



Source link

Tags: BeautyBenefitBlackBusinessGrantOwnerSephora
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Adult Son Murdered Affluent Parents, Housekeeper After They Cut Him Off, Then Went on Spending Spree: DA

by rmtsa
October 23, 2025
0
Adult Son Murdered Affluent Parents, Housekeeper After They Cut Him Off, Then Went on Spending Spree: DA

After his father cancelled the credit card he'd been using, the suspect allegedly returned home and committed the murders before heading back out in his parents' car and...

Read more

Kingsley Ben-Adir & Archie Madekwe Among Cast Of ‘The Arrival’ — AFM

by rmtsa
October 23, 2025
0
Kingsley Ben-Adir & Archie Madekwe Among Cast Of ‘The Arrival’ — AFM

The Arrival, the feature directorial debut from theatre director Bijan Sheibani, has wrapped shooting in London, with Kingsley Ben-Adir (Bob Marley: One Love), Archie Madekwe (Lurker), Joanna Scanlan...

Read more

Ford wants to revisit ending ticket scalping amid Blue Jays ‘gouging’

by rmtsa
October 23, 2025
0
Ford wants to revisit ending ticket scalping amid Blue Jays ‘gouging’

As Toronto Blue Jays tickets are resold for thousands of dollars, Ontario Premier Doug Ford says his government may revive anti-scalping legislation it previously killed shortly after assuming...

Read more

Lori Loughlin might walk away from her 28-year marriage with nothing. Divorce lawyers explain why.

by rmtsa
October 23, 2025
0
Lori Loughlin might walk away from her 28-year marriage with nothing. Divorce lawyers explain why.

After three decades — and one very public fall from grace — Lori Loughlin and Mossimo Giannulli’s marriage may be reaching its final act.The couple, who tied the...

Read more

Shaboozey Teams Up Coors Light To Launch A Limited T-Shirt Drop

by rmtsa
October 22, 2025
0
Shaboozey Teams Up Coors Light To Launch A Limited T-Shirt Drop

Shaboozey is partnering with an iconic beer brand to help bring music to those who need it the most. Source: Coors Light x Shaboozey Coors Light is continuing...

Read more
Next Post
Man Arrested On Suspicion Of Manslaughter Following Hockey Star Adam Johnson’s ‘Freak’ Death

Man Arrested On Suspicion Of Manslaughter Following Hockey Star Adam Johnson’s ‘Freak’ Death

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Her Health – Hollywood Life
  • Shonen Jump Cancels Another Series This Month, Even Before a Volume Release
  • Edie Falco Previews ‘Powerful’ Mayor of Kingstown Season 4 Character (Excl)

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In