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Black Company Acquires Essence From Time, Inc.

Black Company Acquires Essence From Time, Inc.

  Richelieu Dennis, the founder of SheaMoisture is the founder and chairman of Essence Ventures. Essence Ventures now owns Essence Magazine. Essence Ventures, an independent Black-owned company, acquired Essence Communications on Wednesday from Time Inc., making the iconic brand 100 percent Black owned and led by a Black female executive team with an ownership stake….

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