Business

BEATRICE DIXON’S ‘HONEY POT COMPANY’ SELLS MAJORITY STAKE TO CODI FOR $380M

     The deal involves CODI paying $380 million for the majority stake, and The Honey Pot’s existing leadership team will stay in place, retaining a significant minority stake. Despite a muted reaction from shareholders, the acquisition is a milestone for the Black-owned brand and the period care space, challenging dominant brands like Kotex, Playtex, Always, and Tampax. The brand has been vocal about de-gendering the period care space and developing better, safer products for the Black community. […]

Business

Persistent Lending Disparities Perpetuate Nation’s Racial Wealth Gap: Black neighborhoods and shopping districts stripped of $406 billion  

     Whether discussing kitchen table economics, or yesteryear’s grievances, money – or the lack thereof – is an ongoing and dominant concern. Now is a good time to examine the policies and practices contributing to why Black wealth remains so elusive for people whose work ethic is often far larger than their paychecks. […]

Business

UAW President Shawn Fain signs agreement with Rodney Henry IMOLA EV CEO

The historic signing of this neutrality agreement shows Imola EV’s commitment to the American workforce’s right to Unionize without corporate influence or interference. Imola Automotive USA has secured land in Oklahoma, Georgia, Florida, and Arkansas where it plans to build “six manufacturing plants that will each grow to employ 7,500 employees with a total workforce of 45,000. Imola’s business culture is one where an employee’s quality of life and work balance are to be a priority. Allowing workers the opportunity to unionize is in line with Imola EV’s corporate priorities,” says its Chairman / CEO Rodney Henry. […]

Business

The Yuletide Holidays Are Here! 

     Amidst the holiday cheer, however, it’s crucial to remember that this is also a prime time for cybercriminals to be Dr. Seuss’ “Grinch Who Stole Christmas.” The increase in holiday shopping and digital transactions opens doors to various threats, including gift card frauds, social engineering tactics, and online shopping challenges. As we embrace the spirit of the season, let’s also equip ourselves with the knowledge to ensure safe shopping and gift-giving. […]