The Business of Black Beauty: Consumer Needs, Investments and Resilience
U.S. Black consumers spend $1.2 trillion annually, with shoppers spending an estimated $127 million on grooming aids and $465 million on skin care. However, according to the Census Bureau only $2.5 million is contributed to Black-owned businesses and a Stanford University study found that only 1% receive loans in their first year. That’s seven times lower than the percentage for white businesses. During the beginning of the COVID-19 pandemic, 41% of the Black businesses closed as compared to 17% of White-owned businesses.
Join our panel of top entrepreneurs and investors as we address and highlight:
Disparities and challenges of Black-owned businesses and ways to successfully build and market beauty products to consumers
Black-owned brands making breakthroughs in beauty, skin and haircare
Accessibility to financial capital and funding opportunities
Please note that this webinar was originally run on October 21, 2020.
You are watching a rebroadcast of the webinar. There will not be a live Q&A session following the presentation. If you have any questions for the speakers, please email [email protected]
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