Sundial has been on a stellar run. Employees have doubled to 400 over the past two years, and revenue has more than tripled since 2013, exceeding $200 million. Its family of brands–which includes SheaMoisture, Nubian Heritage, and the recently launched prestige label Madam C.J. Walker Beauty Culture–are sold at more than 50,000 distribution points, including Sephora, Target, Walmart, and Whole Foods. To help fund that growth, the Long Island–based company sold a minority stake to private-equity firm Bain Capital in 2015, which valued Sundial at a reported $700 million. That investment has become another point of contention for SheaMoisture’s critics, who connect a deal with the firm cofounded by conservative Mitt Romney with Shea’s pursuit of mainstream dollars. Dennis brushes aside that notion, pointing out that Sundial’s board includes another Bain executive, Deval Patrick, the former two-term governor of Massachusetts, who is black. Dennis says he … [Read more...] about SheaMoisture’s Tangled Future
College station 4th of july
While Horrocks and I would love to see American Girl return to its roots, it is also true that the brand faces stark challenges in a toy market that’s increasingly driven by electronic toys and characters from movie franchises. Some of the top toys this Christmas include a Playmobil palace featuring Frozen 2 characters and a Monopoly set that allows kids to use voice commands to play. But some parents are pushing back against these high-tech toys in favor of old-school ones that encourage different kinds of learning. Melissa & Doug, which makes wooden toys for young children, has been thriving; a new company called Lovevery has received funding from top Silicon Valley investors to create analog toys for kids from the time they are born. When these children enter elementary school, their parents will be looking for developmentally appropriate and educational toys for them. If American Girl continues to invest in its historical storytelling, it could very well be what … [Read more...] about American Girl sales are plummeting. Can the iconic ’90s brand be saved?
Warren’s pregnancy discrimination claim On the campaign trail, Warren has repeatedly referenced a setback early in her career, when she claims to have been fired from her first teaching job because she was pregnant. Warren was six-months pregnant when the principal at her school said the job she had secured for the following year was going to someone else. In early October, right-leaning media outlets challenged Warren’s claims, citing her description of the experience in a 2007 interview and the contents of a transcript from a 1971 school board meeting, which indicated her teaching contract was extended. … [Read more...] about 6 moments from the 2020 presidential race that mirror what women face at work