One of the most closely followed Black owned beauty brands is shutting down. Adwoa Beauty, founded by Julian Addo in 2017 with an initial $80,000 investment, is now moving through Chapter 7 liquidation proceedings following a legal dispute with lender Aurous Financial.
The brand had built an impressive retail presence, earning shelf space at Sephora…
The latest developments in Black business highlight a mix of momentum, reinvention, and cultural impact across industries. From beauty and sports to media and policy, this week delivered several notable moments that reflect both growth and evolving opportunity.
Cardi B scores a fast sellout with grow good beauty
Cardi B made a strong…
Darrell Spencer, a 29-year-old black business owner from Chicago, secured a $500,000 investment on Shark Tank this week for his men's grooming brand, Crowned Skin. The brand has already generated more than $30 million in lifetime revenue, built around a product line that includes body butters and oil colognes made from natural ingredients including shea…
Black entrepreneurs and investors are making their presence felt across some of the most competitive industries in the country. From entertainment and venture capital to real estate and professional sports, a new wave of ownership is taking shape and the names behind it are ones worth paying close attention to.
Here are five Black leaders…

