Shea Moisture Sold to Unilever for Undisclosed Amount

[8WON6]

Unilever Acquires Sundial Brands, Owner of SheaMoisture, For an Undisclosed Amount

When the deal is complete, Sundial Brands, which is expected to generate approximately $240 million in revenue this year, will operate as a standalone unit within Unilever, and its founder, Richelieu Dennis, will continue to lead as CEO and executive chairman.

As part of the agreement, Unilever, a transnational consumer goods company co-headquartered in the Netherlands and London, and Sundial are creating the New Voices Fund with an initial investment of $50 million to empower minority women entrepreneurs.

what yall think?

 

[AlainLocke]

Poor dude...

nikka couldn't even just sell his company like a regular businessman...

nikka had to assuage the "How dare a Black business sell things to White people..." crowd with a bullshyt ass charity fund for Black women...

I wonder how much that shyt costed him in negotiations...


Some of yall nikkas wanted Black capitalism and now you got it...yall better not chastise this man cause he sold his company

He increased his networth by a couple hundred million...


I ain't mad at him...and I really don't care...his company, I ain't had no stock in it...