Beauty Supply Store
Judian and Kadeian Brown, the owners of Black Girls Divine Beauty Supply and Salon in Brooklyn, NY, were recently featured in the New York Times. Out of the 10,000 beauty stores that sell hair products catered to black women, only a few hundred of those stores are actually black owned. Although the multibillion-dollar hair industry is dominated by Korean entrepreneurs, these go-getters are breaking into the black hair business despite the enormous challenges they face. We admire the Brown sis...
An Asian Beauty Supply owner was asked how they get so many loans to open businesses throughout our communities. She was wondering if they get special loans from the government. Well, the Asian lady explained they do a 'money passing rotation' where a group of 10 to 20 of them pool on average about 10 grand each. She said every 6 months each person gets about $100,000 out the pot to start a business. They must pay back into the pot when their business is established.
For decades, the hair care industry in the Black community has been dominated by Asian entrepreneurs and larger corporations like Strength of Nature and L’Oréal. Both brands have had a strong hold on the “ethnic” beauty market especially after acquiring numerous brands from Motions to Softsheen-Carson. That is, until the natural hair movement gained momentum and brought about a wave… Read More