Where Is Your Money Really Going When You " Buy Black"? (4144 hits)
Unless you are boycotting social media, you already know about the Carol's Daughter Company affiliates having filed for Chapter 11 Bankruptcy. It has rippled shock waves throughout the natural hair community as Carol's Daughter has been a solid fixture in natural hair and beauty products for years. Despite the connection this post is not about the bankruptcy at all but what many of us found out as a result of it.
What really surprised me is that Lisa Price, the founder of Carols Daughter, is not the CEO of the company she founded and isn't even the owner. She is the founder and president, but the parent company, Carol's Daughter Holdings, LLC is actually owned by Pegasus Capital Advisors, L.P. I was pretty stunned at the news since I didn't have a clue about this and when I mentioned it to a blogging friend of mine she schooled me on this being day old news.
Like I said before my issue is not the bankruptcy, my issue was with Lisa no longer owning the company. What? I mean, I don't know about you but...things that like that matter to me. Allow me to tell you why. ...
