As someone who is benefiting from black generational wealth it truly hurts when I see black companies sell out because in my family we keep properties businesses and houses in the family for over 70 to about 100 years and we just keep passing it on down to the next generation so the next generation will never ever want for anything and we still own everything it's not that hard 😢 you have to teach the next generation my grandparents taught me and I'm teaching my daughter don't sell.
My family does this also, we have land and homes that have been in our family way over a centuryand heirs receive small oil royalty checks (lots of heirs). But its amazing to see your hard work payoff and you can sell your business for 100 million or 750 million like shea moistures and create more businesses and other ventures.Former owners of Shea moistures have did so much for black women in business, giving millions of dollars in grants, buying madam CJ walkers home and creating a hair institution.
Exactly. Why don't black businesses want to create generational wealth. Why do they keep making Whit companies richer for their decendents. Why can't there be black owned conglomerates? They sell for millions to help white companies make billions.
@@SirenaLeTorneau Pantene family here! Trusted and reliable. If I can’t find your products at my local grocery and home store, and I have to order from your Shopify store OR drive across town to the Asian markets (beauty supply store), then I cannot commit to your brand or make you a staple in my daily life, especially if the products just don’t work for our hair, which has been the case with most of these black owned companies. Pantene and L’Oréal products just work, consistently.
Girlll them CD products were expensive as hell back in the day! 😂I was scraping money from everywhere to by those products!😂😂... Also her products weren't that effective with 4c hair. But many of the 4c girlies drank the kool aid and were sadly disappointed. I think that also led to the CD downfall.
I remember trying these products for the first time in 2007 when I was transitioning to natural. The products were so natural, they had to be refrigerated. My parents were so confused when they saw my hair creams and moisturizers in the fridge 🤭
I was first introduced to Carols daughter around 2002 when I went to FAMU. A Black owned bookstore sold her body products and oils. They smelled so good I was hooked! Her products came in glass jars and she used to hand pack dried flowers and cowrie shells in the jars. So pretty. The quality changed a lot over the years and now like Shea moisture the line focuses on mostly hair care and the formulas are nothing like they used to be. I want to see anyone thrive and be wealthy but I tire of seeing Black creatives make excellent products and then the products change and the quality vanishes.
Carol's Daughter could have been another Bronner Brothers or Luster's Products that have been around for generations and are STILL family owned. THAT'S generational wealth. Her statement tells me she's trying to justify selling out.
@@CoffeeCuties777 bronner brothers should be more of a staple than it is. But the natural hair community loves to overlook it because its not full of gimmicks. You should do a video on that one day. How we have had good black owned products without scandals yet we turn on anyone and anything that’s not popular at the moment.
In a perfect world i wish bonner brothers or lusters would bought the company. Ebony was sold to a black businessman hence it is still within the community
To say “black led “ means nothing. Black led means, here’s another black owned company who, failed and couldn’t handle their business so they sold out to the white man. I’ve heard it time and time again. Very unfortunate This doesn’t just happen with black hair care. Many people don’t even know that Famous Amos cookies was started by a black man. He sold out to a white company and they eventually took his face off the packages. I really hate that this happens.
I didn’t know he sold out. That’s crazy. He passed away just a few weeks ago. I remember those cookies got real terrible and the flavor and texture was just not great anymore.
This is so informative and helpful! I don’t blame her for selling it. And I’m sick of people telling me I need to buy black owned brands. It don’t make a difference for me. If the product works idc who’s selling it.
I remember that transition into TJMaxx I remember thinking wtf at first because it was known as luxury initially and now it’s just thrown on the shelf like all the other products 🤦🏾♀️
Same! I loved those scents and soaps because there literally was nothing to compare it to. I miss those so much. There's still nothing on the market that's comparable to CD soap lines.
Agree, she missed the whole utube influencer trend. Had she turned her focus to online, she would have been able to weather the storm. Oh well. Maybe she would have still sold it. Look what happened to shea moisture and mielle.
All the influencers used to come to the flagship store for free hair services and product. They just didn't film but the influencers was IN THE STORES! Towards Loreal they started making them film but it was too late
I believe its great about selling a company to gain generational wealth. At the same time, the products that were sold need to have the same quality or BETTER that made it a success! Dont sell and dont care about the quality of what got you the wealth. No matter who its sold to, the originator will be blamed for the failure of the products sold.
At a certain point, when you are no longer the owner, you no longer have control. If the company you own continues to be successful you continue to accumulate wealth
She was a pioneer in her field! She’s was a wonderful business woman but I have to admit when she sold it was hurt. She sis what she did for her and her family ❤️ Thanks for acknowledging her.
I HATE that they've stopped making the body products. I LOVED their fragrances, body creams/butters, and shower gels. The Rhassoul Clay deep treatment was the best I've ever experienced.
I think you should discuss with your kids whether or not they’re interested in running your company. A lot of the time when the owner dies, the kids sell it off anyway
@@CoffeeCuties777You gotta be prepared for a business to die with you. Kids and family may have different passions. I own my own law firm; I can’t count on my kids wanting to be lawyers, let alone be family law attorneys. That’s just a reality we have to contend with.
I think people overestimate the ease of passing down a company. Running a company is a lot of work and maybe your child is not interested. It sucks for us as consumers but thinking of generational wealth selling may be better since you would have cash to invest in what the child wants.
Hire a ceo, make it public and have a board of directors, then you can maintain ownership but not have to deal with the day to day minutia of the business. Although the Walmart family, hobby lobby family, chick fil a family and Johnson and Johnson family have found a way to keep the business in the family.
All possible solutions but ultimately that family decision. All of those businesses don’t care about lot about quality, really just there bottom line and avoiding lawsuits. When scaling I think there is a product quality issue and many owners may not be willing to take the risk for them or their children in this day and age. Older families came up in a time of less scrutiny and now have massive lawyers to cover them. They have been building since the 60’s. We really just got the opportunity’s in the late 80’s. Not saying I don’t agree I just think there more business complexities and politics that come into play at that level.
@@sunnydays6237 thats my take. In the black community you still see generations of Asians owning businesses that black people frequent. And idk about your area but it’s happening in mine with seafood boil restaurants. They continue to stand together and make money off us while we still teach one another other wise. Thats fine but also the truth as to why we still aren’t making any progress. We keep missing the main point.
Carol's Daughter's Vanilla Leave in Conditioner Spray saved me in middle school😢I remember buying it for the last time and realizing that my hair was crunchy and brittle after using it. Hair is so important to black women everywhere. It really hurts when the one product you found working for you doesn't work anymore. It took me until my early 20s to find products that work well for me.
I tried multiple Carol's Daughter hair products years ago (Black Vanilla shampoo and conditioners, Marguerite's Magic, some kind of hair balm, etc.) but I think CD's best product is its Mimosa Hair Honey. For some reason my hair doesn't really like regular hair grease, but this Hair Honey pomade has been a great substitute (It's the only non-DIY hair product that I still use)
OG natural(2010) I definitely remember the rise of CD. I liked the her products, particularly the original products like Margurite’s Magic. At one time she had an online store and that how I mainly bought the products. Once she sold the company the items changed just like Main Choice and Shea Moisture.
Being an investor doesn't mean you're necessarily interested in the product as much as its about the potential of increasing your financial return. IMO.
@@CoffeeCuties777 that is a nice penny 😄😄😄 I will say this though. I keep hearing that a black wall street needs to be built again but how can it when the businesses are sold off to them folks because the green is tantalizing... 🤷🏿🤷🏿🤷🏿
I used CD before it went mainstream and I loved her products and her store but the products I liked didn’t make the mainstream cut so I stopped using it since the products I used were discontinued. All things come to an end
I was an employee at home base in NYC when the switch over happened, lasted a while even after the take over while job hunting. I watched this process from behind the scenes, ingredients slowly changing, expired products being remixed into new things, the works. Your video on the core was accurate but the 25-30% you missing is the part the public hasn't dug up yet.
Wow 😮 omg 😳 can you email me if you’re comfortable sharing more of your experiences with the company…you can remain anonymous…coffeecuties777@gmail.com 🤎🤎
I think it’s looked down on when hair care companies sell their business because it’s already so hard for us to find hair products that work for our hair type so it’s disappointing when formulas change to cater to larger audiences 🤎
Back in 2001 I use to go to their 1st and only store located in (fort Green) Brooklyn, that store opened up in 1999, I was a day one ☝🏽 supporter of their products as there were not that many black owned products, by 2006 during my pregnancy I would shop at the 125th st location for their ‘beautiful belly’ maternity cream for stretch marks
I bought my first bar of hand made soap from her at the African Street Festival, when it was at Boys and Girls HS in Bed Stuy. That product got me hooked on natural soaps.
As someone who doesn’t plan on having kids and already wants to retire at the age of 20 I’d sell my company in a heartbeat. I wouldn’t sell it to a white person if it was marketed for black people tho. If she had sold it to Jay Z and Bey that could’ve been it but obvs they have to WANT to buy it first.
Glad to hear a different perspective and I agree it would have been nice if Beyonce or even Oprah bought into it but like you said they would have to actually want to buy it🤎
Tried it once as well and thought i got a fake batch it was that bad. Now i have some samples but i might not even bother purchasing full sized bottles.
I’m a former professional Hairstylist, Educator and former beauty supply store owner. I use to care for the natural hair community starting way back in 2003 before it finally gained its current popularity. I use to have to purchase Carols Daughter when it first came out in Macy’s department store at regular prices, which was extremely expensive. But it was for natural hair and I was supporting a Sista in business. But I didn’t carry it anymore because it was not as effective for hydration of our hair. The oils were nice but the shampoo was very alkalinized which is awful for trying to avoid tangled natural hair. Carols Daughter also never created a professional division, for professional stylist to carry as the salons featured product. Just like Kera Kare, Mizani or Dudley’s. That’s my experience
There is no guarantee that a company passed on to ur children wont be ruined by them. They may not have the same vision or passion as u. Real estate is what I would pass down.
It all depends on the circumstances. When a major company comes with a proposal to buy you out, you are doing something special and personally I would not sell if the circumstances allow me to stay in business. When we sell to major companies the "proverbial bag" is a drop in the bucket. That being said, when they sniff at your company yiu should sniff back. Find out all you can. Research, do your due diligence as well and find ways to keep revenues up, seek out new ways of doing business. If circumstances will allow you to keep operating your business do it. Just because someone wants to buy your business doesn't mean you have to sell. They will change the formula hoping that people stay brand loyal. Keep your business if you can.
I believe that's exactly what they did, change the formula bc the leave in hair spray has so much alcohol in it that it burned my scalp. Most companies that buy out companies with popular products usually degrade the actual product until it no longer resembles the original formula. Same thing happened with Bragg's apple cider vinegar.
Not mad at Lisa. She has a point about Black people building wealth and having the flexibility to sell or invest in new ventures. Consumers also have the right to support who they wish. I think Carol's Daughter still has a few flagship products that are good. But personally, I outgrew the need for them. There are so many more products and routines and styles for natural hair than when I first transitioned. Carol's Daughter really benefited from being one of the first black luxury brands and now the field has completely changed.
I Think She did a phenomenal business deal! This is business, not personal. Every brilliant business person reaps the highest rewards economically and when it's still a thriving forecast, you sell. In her case she was very lucky the brand didn't fizzle out completely leaving her with a loss. The same black women talking crap about her are the very ones who failed to support the brand to save it.
Beyoncé doesn't have to explain anything when it's common knowledge she grew up in the salon her mother owned and operated for years and is also part owner of Cecred. People just love to hate on her even going as far as saying her hair isn't real🙄
True…she’s doesn’t have to explain but there definitely is a disconnect between her and her clients but I didn’t agree with saying her hair wasn’t real when she showed her real hair many times over the years 🤎
I have CD mimosa hair honey and the fortifying shampoo and conditioner which I use occasionally. I prefer that black hair product stay with the original owners rather than just be the face of it. It’s the changing of the formula without transparency that makes me skeptical. This is why diy are used although I tread carefully when trying certain ingredients.
Business is not always easy to pivot. If you’re under contracts for example to rent space or with builders or suppliers. You can’t just switch up to move online. We didn’t even know if the retail space could have been re-purposed. Anyway, part of some business is impartiality. Some -expletive build business after business. Other’s build one and realize that they don’t want the stress. 🤷🏾♀️
I was wondering why her lineup of "Sacred Tiare serum" was discontinued. The serum was the bomb, to where I ended up shopping her website for it to no avail. Oh, the fragrance was wonderful smelling.
WOW!!! I'm TIRED 😫 of people who think Carol's Daughter's is a sell out. It's because she had to 💬 think about her family and financial situation . There were a lot of small businesses that went through tough times during 2008-2009. I still use Carol 's Daughters . If Madam CJ Walker had the same opportunity just like Carol's Daughters I think she would have taken it. Don't get mad, but think about it.
If she was in a financial rut all she had to do is scale back. Most Black owned hair companies are brought out to prevent a Black powerhouse in the Beauty industry....
I never used her brand while it was black owned. It was too high at the time. I currently use the cococreme butter in rotation with TGIN and Eden bodyworks
Also regarding the generational wealth that is 100% how you get nepotism, failing businesses that die within the second generation, and a whole host of issues. If you know your kids or family are not interested/up to the task of running the business or wanting to step into the family practice it’s much better to sell and invest that money in what they wanna do vs. try to force them to keep it in the family. It’s not just a black people thing either. I worked for a law firm where the white owner had 3 or 4 kids and not ONE was interested in being a lawyer let alone working for his practice. They’re all set to do what they wanna do though because he’s making money regardless
Thanks for commenting and I didn’t know it was only for looser curl textures…I was under the impression that the product was as for afro textured hair🤎
Because it was the most well-marketed and came out at a time when a lot of women (myself included) were newly transitioning and didn’t know where to turn. Black hair care lines didn’t exist then like they do now. So going to a line owned by a Black woman with natural hair was an easy choice to make.
I have a feeling those people (you know) will he trying to buy Camille Rose and TGIN very soon. Seems like once a natural hair product is very well liked by black women, those people swoop in and buy and change it intentionally.
I have to wonder how many people who are referring to the Carol's Daughter founder as a sellout consistently patronized her business. In order to remain open, a business has to turn enough of a profit to pay for whatever space it is renting, pay its employees, pay city fees, pay taxes, advertise itself, pay for its share of heat and electricity in the building, do marketing-the list of operating expenses goes on and on. People who don't patronize a business often enough to help it keep its doors are wrong to call the owner a sellout if they sell the business because it no longer makes enough money to keep the doors open.
125 wasn't rhe 1st store her 1st orginal store was in brooklyn on south elloit place wayyyyy b4 the the store in harlem . Her products was orginally just skin care ans perfumes and once these investors got involved all the stuff i love where gone and then the hair stuff came in ...
Black folks can be hella jealous🤣I'd like to FALL into 27 million! In my opinion, this is a great success story. I like Cecred products too. The scent and results on my natural 4C hair are truly AMAZING.
I honestly think more people would then they care to admit but I never was interested in trying Cered but I’m glad to hear you’re having great results 🤎
Her cut after all the core investors like Steve Stout and friends got their cut was about 15-20% of that money. Which is a bit under 5 mil. She does get royalties, and with Loreal scaling should net her a comfortable amount if invested right
Selling a business for $26 million is not a downfall of a company. Lots of entrepreneurs build a company just to sell it. With $26M, Lisa can chill and start some other venture if she wants to. But I thought she sold for more than that.
The product formulations have definitely changed. The coco crème line was the first time hair products had actually made my hair manageable, soft, and easy to style so I was hooked for life. Recently rebought the coco crème conditioner and that thing is like water. Ironically I see some of the products showing up more on some of my white friend’s counters so I can tell the new owners want their mielle moment which is whatever. If anyone knows any product recs for 4c, thick high porosity hair lmk lol
I lived in Japan when she was myself and my friend's go to. We waited patiently for the box to arrive LOL. I'm from Toronto so whenever I was in BK, I would buy products. It's crazy that in 2024 carol's daughter is now sold in local drugstores. IT took a long time to be accessible.
I tried to support Carol's Daughter. I was impressed by her story when I saw her on Oprah's show. However, the hair care products left my hair oily not in a good way. I also developed a very bad dandruff problem. Loads and loads of dandruff. I could no longer use those products. I wished her luck at the time and still do.
@oderadee169 Me too!! It was so terrible that it grossed me out. At one time, I had more dandruff than hair. It didn't take me long to figure out what the problem was.
I never used her products her hair products. I never knew she had hair care products. I only saw her body butter and oils in magazines and hsn. But i love her body butter. I wish she would sell it in stores. You can only buy it online
I use watever works on my hair. Right now my favs arw shea moisture shampoos and condition. For stylers. As I am leave in/buttercream and the Mane choice 3 in 1 and curl defining curl 💜🤘🏾
Why on earth would Beyonce talk about Carol's Daughter, a competing product? Are you serious? If she did that she would have to talk about why she created her own product outside of Carol's Daughter accompany that she invested in. That would be a mess. Come on think about it.
Beyonce could use that to give herself credibility not to sell carol’s daughter today. It’s kinda like when we put our old jobs on our resume to show we had experience in whatever we are trying to do in the current day.
Beyonce used to use the product or at least ordered/offered. I distinctly remember when she was married in NYC we had a customer with security pick up tons of product we got in shipment that was over our normal that had to be wrapped in "promotional baskets". Also we had clients who booked after hours, with no names off the book come and get their hair done FOR FREE and FREE product. Only after the news leaked all of us at the store put it together. This was over a decade ago and Carol's Daughter is no longer considered top tier and more budget friendly. Beyonce is not in that price point with her line. Beyonce also had a deal with Loreal which is who bought Carol's Daughter so it is very common to send models, artists, celeb products from all lines owned since Loreal is a conglomerate.
I dont have a problem with her selling the company at all. Its stressful as hell running a business, dealing with employees, government regulations, suppliers, etc. And just keeping up with market trends. After 20 years or more of that, she may have said "enough". Lisa Price is a person first, who knows what she sacrificed to make that business successful and what the real costs were in terms of relationships, health, etc. Finally lots entrepreneurs sell after a while to larger companies. Lume` sold out, IT Cosmetics sold out but it seems black entrepreneurs are called names and have their reputations trashed ironically by other black people. Its not right.
Great points! I think people wouldn’t mind as much if they didn’t change the ingredients to the products black people grow to love especially when it’s already hard for us to find products 🤎
I watched your last video about the Mielle company. And I recently watched *another* video about Mielle causing another woman’s hair to fall out. Like I really have a list of brands I want to try and Mielle and Carol’s Daughter are on my list but I’m not as excited to try them after learning about these brands. I’m just like whatever now. 😆
I remember when CD first started. I tried it a couple of times just did not work for my type 4 hair texture. I did like Shea moisture and As I Am, left them too, now I still like CR and Cream of nature twisting cream. I enjoyed the information. Thank you.
125th Harlem store was Flagship, in the beginning it had a spa then in the last 4 it was a salon. The Brooklyn store, Harlem store and Atlanta store was managed by one lady until Loreal came in a year before the announcement.
I used Carol's Daughter's hair that I bought from HSN years ago hiwever there was so much alcohol in the product that it burned my scalp. For a product that is as supposed to be natural, I was very disappointed.. Maybe the formula changed once she sold the company however I was not impressed and never bought any more products.
This is common in business! That’s why they call them startups. My only concern is that she didn’t sell too low bcuz sometimes we don’t know our true worth. What is she doing today?
As someone who is benefiting from black generational wealth it truly hurts when I see black companies sell out because in my family we keep properties businesses and houses in the family for over 70 to about 100 years and we just keep passing it on down to the next generation so the next generation will never ever want for anything and we still own everything it's not that hard 😢 you have to teach the next generation my grandparents taught me and I'm teaching my daughter don't sell.
That is so amazing and yes it’s the role of the adults in the family to teach the children the importance of ownership/generational wealth 🤎🤎🤎
My family does this also, we have land and homes that have been in our family way over a centuryand heirs receive small oil royalty checks (lots of heirs). But its amazing to see your hard work payoff and you can sell your business for 100 million or 750 million like shea moistures and create more businesses and other ventures.Former owners of Shea moistures have did so much for black women in business, giving millions of dollars in grants, buying madam CJ walkers home and creating a hair institution.
Exactly. Why don't black businesses want to create generational wealth. Why do they keep making Whit companies richer for their decendents. Why can't there be black owned conglomerates? They sell for millions to help white companies make billions.
Sometimes these businesses are forced out by threats of sabotage 🌻
Amen. l agree we've been land owners for 126 and are working hard to keep in the family.
She received millions for that business. Some say $60-70 million. I think she’s living her best life.
Yes! She said the sale was actually in process for a few years before it went through officially!
Wow 😮 60-70 million 10 years ago is INSANE 🤯
After angel investors received their capital gains as early investors her cut was about 15% of that. The target sales is what did it for her coffers.
She was smart
And we get shitty products
I can proudly say that I have been using VO5 for nearly two decades and have never had problems. Pantene and VO5 are stables for my household.
Aussie moist another one
Especially that hot oil treatment
@@SirenaLeTorneau Pantene family here! Trusted and reliable.
If I can’t find your products at my local grocery and home store, and I have to order from your Shopify store OR drive across town to the Asian markets (beauty supply store), then I cannot commit to your brand or make you a staple in my daily life, especially if the products just don’t work for our hair, which has been the case with most of these black owned companies.
Pantene and L’Oréal products just work, consistently.
VO5? I haven’t heard that in forever but glad to hear it’s working…. I’m going to discuss Pantene and Aussie in my expose p&g video next week 🤎
@@CoffeeCuties777 I’ll be SAT
Girlll them CD products were expensive as hell back in the day! 😂I was scraping money from everywhere to by those products!😂😂... Also her products weren't that effective with 4c hair. But many of the 4c girlies drank the kool aid and were sadly disappointed. I think that also led to the CD downfall.
I was scraping up money too lol and that’s a good point..I don’t think it really catered to coily hair🤎🤎🤎
I'm 4c and her products dried my hair out. This was in 2014.
@@TheeMrsGrinch I believe it!
@@ZestyDL I know I used it on my relaxed hair and I went natural that year so I might have used it on my natural hair as well.
I remember trying these products for the first time in 2007 when I was transitioning to natural. The products were so natural, they had to be refrigerated. My parents were so confused when they saw my hair creams and moisturizers in the fridge 🤭
lol 😂 and wow didn’t know that by the time I found the product it was safe to put on the shelf🤎
😊
I was first introduced to Carols daughter around 2002 when I went to FAMU. A Black owned bookstore sold her body products and oils. They smelled so good I was hooked! Her products came in glass jars and she used to hand pack dried flowers and cowrie shells in the jars. So pretty. The quality changed a lot over the years and now like Shea moisture the line focuses on mostly hair care and the formulas are nothing like they used to be. I want to see anyone thrive and be wealthy but I tire of seeing Black creatives make excellent products and then the products change and the quality vanishes.
So true…wish it was a way black creatives can do both…what do you think some solutions should be?
Carol's Daughter could have been another Bronner Brothers or Luster's Products that have been around for generations and are STILL family owned. THAT'S generational wealth. Her statement tells me she's trying to justify selling out.
Great point 🤎do you still use either of those brands today?
@@CoffeeCuties777 bronner brothers should be more of a staple than it is. But the natural hair community loves to overlook it because its not full of gimmicks. You should do a video on that one day. How we have had good black owned products without scandals yet we turn on anyone and anything that’s not popular at the moment.
In a perfect world i wish bonner brothers or lusters would bought the company. Ebony was sold to a black businessman hence it is still within the community
To say “black led “ means nothing. Black led means, here’s another black owned company who, failed and couldn’t handle their business so they sold out to the white man. I’ve heard it time and time again. Very unfortunate
This doesn’t just happen with black hair care. Many people don’t even know that Famous Amos cookies was started by a black man. He sold out to a white company and they eventually took his face off the packages. I really hate that this happens.
Wow 😮 didn’t know that and you’re right black led means no control only the face🤎
@@CoffeeCuties777 Exactly!
Google the original Famous Amos cookie founder- You’ll see - 🙂🙂
I didn’t know he sold out. That’s crazy. He passed away just a few weeks ago. I remember those cookies got real terrible and the flavor and texture was just not great anymore.
The point of buying a business and thrive then sale it to start other ventures
Like real nasty and almost sand like @@EbonyWhitee
I guess you didn’t know that she did a lot of sales on HSN and she was a regular part of them for a while.
I would purchase the Monoi product line from HSN as well as on her website. Macy's also carried her products.
Oh wow thanks for sharing…I never pay attention to HSN but that’s a big deal as well🤎🤎
Yes Lisa was on HSN quite a lot demonstrating her products. With easy pay, and no interest it made the products real affordable.
She made Mary J Blige a award winning perfume too .
This is so informative and helpful! I don’t blame her for selling it.
And I’m sick of people telling me I need to buy black owned brands. It don’t make a difference for me. If the product works idc who’s selling it.
Thank you and that’s a good point…I would like to support black owned but overall the products working is most important to me 🤎
This! I just look 4 what works if some white dude or Hispanic lady makes it oh well.
I never used her hair care products but, I loved her body products. I knew the end was in sight when the body products started showing up TJM, etc.
I remember that transition into TJMaxx I remember thinking wtf at first because it was known as luxury initially and now it’s just thrown on the shelf like all the other products 🤦🏾♀️
Same! I loved those scents and soaps because there literally was nothing to compare it to. I miss those so much. There's still nothing on the market that's comparable to CD soap lines.
TJ Maxx sells quality beauty products.👀
@@kameralkutie5594 Yes, along with Ross and Marshall's. You can find a lot of beauty and hair products that are currently out.
Agree, she missed the whole utube influencer trend. Had she turned her focus to online, she would have been able to weather the storm. Oh well. Maybe she would have still sold it. Look what happened to shea moisture and mielle.
Yep 👍🏾 I wonder if it would have kept her a float longer 🤎
All the influencers used to come to the flagship store for free hair services and product. They just didn't film but the influencers was IN THE STORES! Towards Loreal they started making them film but it was too late
I believe its great about selling a company to gain generational wealth. At the same time, the products that were sold need to have the same quality or BETTER that made it a success! Dont sell and dont care about the quality of what got you the wealth. No matter who its sold to, the originator will be blamed for the failure of the products sold.
True, hence the current situation with Mielle.
At a certain point, when you are no longer the owner, you no longer have control. If the company you own continues to be successful you continue to accumulate wealth
She was a pioneer in her field! She’s was a wonderful business woman but I have to admit when she sold it was hurt. She sis what she did for her and her family ❤️ Thanks for acknowledging her.
I HATE that they've stopped making the body products. I LOVED their fragrances, body creams/butters, and shower gels. The Rhassoul Clay deep treatment was the best I've ever experienced.
I never got to try the body products 😔
Me too! They smelled sooo wonderful.
I liked her skin care products much better than the haircare products.
A lot of people are saying that..I have to do research to find her skin care products 🤎
I think you should discuss with your kids whether or not they’re interested in running your company. A lot of the time when the owner dies, the kids sell it off anyway
That’s true but even if the kids don’t run it what about someone else in the family or hiring a team while keeping it black owned?🤎
@@CoffeeCuties777You gotta be prepared for a business to die with you. Kids and family may have different passions. I own my own law firm; I can’t count on my kids wanting to be lawyers, let alone be family law attorneys. That’s just a reality we have to contend with.
I think people overestimate the ease of passing down a company. Running a company is a lot of work and maybe your child is not interested. It sucks for us as consumers but thinking of generational wealth selling may be better since you would have cash to invest in what the child wants.
Hire a ceo, make it public and have a board of directors, then you can maintain ownership but not have to deal with the day to day minutia of the business. Although the Walmart family, hobby lobby family, chick fil a family and Johnson and Johnson family have found a way to keep the business in the family.
All possible solutions but ultimately that family decision. All of those businesses don’t care about lot about quality, really just there bottom line and avoiding lawsuits. When scaling I think there is a product quality issue and many owners may not be willing to take the risk for them or their children in this day and age. Older families came up in a time of less scrutiny and now have massive lawyers to cover them. They have been building since the 60’s. We really just got the opportunity’s in the late 80’s. Not saying I don’t agree I just think there more business complexities and politics that come into play at that level.
@@sunnydays6237 thats my take. In the black community you still see generations of Asians owning businesses that black people frequent. And idk about your area but it’s happening in mine with seafood boil restaurants. They continue to stand together and make money off us while we still teach one another other wise. Thats fine but also the truth as to why we still aren’t making any progress. We keep missing the main point.
Why are you saying the name wrong ? You're say Curls daughter, it's Carol's daughter.
It’s my accent…I’m saying Carols …thanks for watching 🤎
Carol's Daughter's Vanilla Leave in Conditioner Spray saved me in middle school😢I remember buying it for the last time and realizing that my hair was crunchy and brittle after using it. Hair is so important to black women everywhere. It really hurts when the one product you found working for you doesn't work anymore. It took me until my early 20s to find products that work well for me.
I agree smh 🤦🏾♀️ and what products do you use now?
@@CoffeeCuties777 I use As I am, Eva NYC, and tgin
I tried multiple Carol's Daughter hair products years ago (Black Vanilla shampoo and conditioners, Marguerite's Magic, some kind of hair balm, etc.) but I think CD's best product is its Mimosa Hair Honey. For some reason my hair doesn't really like regular hair grease, but this Hair Honey pomade has been a great substitute (It's the only non-DIY hair product that I still use)
Mine as well. 4c and my son 3c
Mimosa honey work for both of us.
OG natural(2010) I definitely remember the rise of CD. I liked the her products, particularly the original products like Margurite’s Magic. At one time she had an online store and that how I mainly bought the products. Once she sold the company the items changed just like Main Choice and Shea Moisture.
Add Mielle Organics to the list now. I just realized she removed the "organic" portion from the name too after the sale.
Being an investor doesn't mean you're necessarily interested in the product as much as its about the potential of increasing your financial return. IMO.
That’s true…it would be nice if the world worked that way but unfortunately it doesn’t smh 🤦🏾♀️
I used Carol's daughter since 93 I spoke to her directly while she worked out of her kitchen I've known her for years
Oh nice! That’s cool you got to watch her grow…what are your thoughts on her selling the brand?
I wouldn't have sold the company. That's your baby.
I’m hearing she actually got 60-70 million…does that change your perspective at all?
@@CoffeeCuties777 that is a nice penny 😄😄😄 I will say this though. I keep hearing that a black wall street needs to be built again but how can it when the businesses are sold off to them folks because the green is tantalizing... 🤷🏿🤷🏿🤷🏿
Exactly she would've made more than that keeping the company
I used CD before it went mainstream and I loved her products and her store but the products I liked didn’t make the mainstream cut so I stopped using it since the products I used were discontinued. All things come to an end
Curl's Daughter? Or C-A-R-O-L's Daughter?
Umm 🤔 I’m not saying curls I’m saying carols daughter …thanks for watching 🤎
Stop it. You know what she said. Out here mocking someone’s accent to be an online gremlin. Do better.
@@CoffeeCuties777it does sound like she’s saying Curl’s. Kinda irritating 😮
lol! Exactly!
I was an employee at home base in NYC when the switch over happened, lasted a while even after the take over while job hunting. I watched this process from behind the scenes, ingredients slowly changing, expired products being remixed into new things, the works. Your video on the core was accurate but the 25-30% you missing is the part the public hasn't dug up yet.
Wow 😮 omg 😳 can you email me if you’re comfortable sharing more of your experiences with the company…you can remain anonymous…coffeecuties777@gmail.com 🤎🤎
People create businesses, sale them and move on to the next venture all the time. Why are we held in a bad light when we do it? It's so weird to me.
I think it’s looked down on when hair care companies sell their business because it’s already so hard for us to find hair products that work for our hair type so it’s disappointing when formulas change to cater to larger audiences 🤎
Back in 2001 I use to go to their 1st and only store located in (fort Green) Brooklyn, that store opened up in 1999, I was a day one ☝🏽 supporter of their products as there were not that many black owned products, by 2006 during my pregnancy I would shop at the 125th st location for their ‘beautiful belly’ maternity cream for stretch marks
I forgot all about the body products…thanks for watching🤎🤎
I bought my first bar of hand made soap from her at the African Street Festival, when it was at Boys and Girls HS in Bed Stuy. That product got me hooked on natural soaps.
I loved her products back in the day loved the fragrance Groove.
What do you use now?
As someone who doesn’t plan on having kids and already wants to retire at the age of 20 I’d sell my company in a heartbeat.
I wouldn’t sell it to a white person if it was marketed for black people tho. If she had sold it to Jay Z and Bey that could’ve been it but obvs they have to WANT to buy it first.
Glad to hear a different perspective and I agree it would have been nice if Beyonce or even Oprah bought into it but like you said they would have to actually want to buy it🤎
Unpopular opinion, I really don't even think her products were that great.
I felt like they were very hair-type specific. They didn’t work for me at all either.
I tried them once, they dried my hair out terribly
Tried it once as well and thought i got a fake batch it was that bad. Now i have some samples but i might not even bother purchasing full sized bottles.
I could never justify the cost of those products in my country.
I don't remember when anything gets popular because I go the opposite of trends so I don't pay attention.
Dang Carol daughter too 🫤
Yes unfortunately carols daughter sold in 2014🤎
I would go to her house on Van Buren and purchase hair mimosa for my locks in 1994
@@isolamii oh wow 😮 you’re a OG supporter…do you still use the product now?
I’m a former professional Hairstylist, Educator and former beauty supply store owner. I use to care for the natural hair community starting way back in 2003 before it finally gained its current popularity. I use to have to purchase Carols Daughter when it first came out in Macy’s department store at regular prices, which was extremely expensive. But it was for natural hair and I was supporting a Sista in business. But I didn’t carry it anymore because it was not as effective for hydration of our hair. The oils were nice but the shampoo was very alkalinized which is awful for trying to avoid tangled natural hair. Carols Daughter also never created a professional division, for professional stylist to carry as the salons featured product. Just like Kera Kare, Mizani or Dudley’s.
That’s my experience
Thank you for sharing your experiences and I do wonder why they never created a professional line 🤎🤎🤎
There is no guarantee that a company passed on to ur children wont be ruined by them. They may not have the same vision or passion as u. Real estate is what I would pass down.
That’s a good point but what about having other people run it to keep it going if your children are not interested? 🤎🤎🤎
It all depends on the circumstances. When a major company comes with a proposal to buy you out, you are doing something special and personally I would not sell if the circumstances allow me to stay in business. When we sell to major companies the "proverbial bag" is a drop in the bucket. That being said, when they sniff at your company yiu should sniff back. Find out all you can. Research, do your due diligence as well and find ways to keep revenues up, seek out new ways of doing business. If circumstances will allow you to keep operating your business do it. Just because someone wants to buy your business doesn't mean you have to sell. They will change the formula hoping that people stay brand loyal. Keep your business if you can.
I believe that's exactly what they did, change the formula bc the leave in hair spray has so much alcohol in it that it burned my scalp. Most companies that buy out companies with popular products usually degrade the actual product until it no longer resembles the original formula. Same thing happened with Bragg's apple cider vinegar.
CAROL
That’s what I’m saying…it’s clearly my accent!
Not mad at Lisa. She has a point about Black people building wealth and having the flexibility to sell or invest in new ventures. Consumers also have the right to support who they wish.
I think Carol's Daughter still has a few flagship products that are good. But personally, I outgrew the need for them. There are so many more products and routines and styles for natural hair than when I first transitioned. Carol's Daughter really benefited from being one of the first black luxury brands and now the field has completely changed.
Thanks for sharing your perspective and I agree it’s so many options so I made on but they definitely benefited for being one of the first for sure🤎🤎🤎
I Think She did a phenomenal business deal! This is business, not personal. Every brilliant business person reaps the highest rewards economically and when it's still a thriving forecast, you sell. In her case she was very lucky the brand didn't fizzle out completely leaving her with a loss. The same black women talking crap about her are the very ones who failed to support the brand to save it.
Great points…thanks for watching 🤎
Beyoncé doesn't have to explain anything when it's common knowledge she grew up in the salon her mother owned and operated for years and is also part owner of Cecred. People just love to hate on her even going as far as saying her hair isn't real🙄
True…she’s doesn’t have to explain but there definitely is a disconnect between her and her clients but I didn’t agree with saying her hair wasn’t real when she showed her real hair many times over the years 🤎
I have CD mimosa hair honey and the fortifying shampoo and conditioner which I use occasionally. I prefer that black hair product stay with the original owners rather than just be the face of it.
It’s the changing of the formula without transparency that makes me skeptical. This is why diy are used although I tread carefully when trying certain ingredients.
Business is not always easy to pivot. If you’re under contracts for example to rent space or with builders or suppliers. You can’t just switch up to move online. We didn’t even know if the retail space could have been re-purposed. Anyway, part of some business is impartiality. Some -expletive build business after business. Other’s build one and realize that they don’t want the stress. 🤷🏾♀️
I was wondering why her lineup of "Sacred Tiare serum" was discontinued. The serum was the bomb, to where I ended up shopping her website for it to no avail. Oh, the fragrance was wonderful smelling.
WOW!!! I'm TIRED 😫 of people who think Carol's Daughter's is a sell out. It's because she had to 💬 think about her family and financial situation . There were a lot of small businesses that went through tough times during 2008-2009. I still use Carol 's Daughters . If Madam CJ Walker had the same opportunity just like Carol's Daughters I think she would have taken it. Don't get mad, but think about it.
If she was in a financial rut all she had to do is scale back. Most Black owned hair companies are brought out to prevent a Black powerhouse in the Beauty industry....
Thanks for sharing your perspective 🤎🤎🤎
@@Zimaala I'll never down someone for giving her family generational wealth.
I never used her brand while it was black owned. It was too high at the time. I currently use the cococreme butter in rotation with TGIN and Eden bodyworks
Oh nice! Glad to hear the product is still working for you 🤎
I use Rosemary, argan and tea tree oil and creame of nature shampoo, condition best thing ever.
Also regarding the generational wealth that is 100% how you get nepotism, failing businesses that die within the second generation, and a whole host of issues. If you know your kids or family are not interested/up to the task of running the business or wanting to step into the family practice it’s much better to sell and invest that money in what they wanna do vs. try to force them to keep it in the family. It’s not just a black people thing either. I worked for a law firm where the white owner had 3 or 4 kids and not ONE was interested in being a lawyer let alone working for his practice. They’re all set to do what they wanna do though because he’s making money regardless
I was always under the impression that CD's products were for mixed race hair types... so why were girlies w/4c hair using it?🤷♀️
Thanks for commenting and I didn’t know it was only for looser curl textures…I was under the impression that the product was as for afro textured hair🤎
Because it was the most well-marketed and came out at a time when a lot of women (myself included) were newly transitioning and didn’t know where to turn. Black hair care lines didn’t exist then like they do now. So going to a line owned by a Black woman with natural hair was an easy choice to make.
@@TheRonnieaj got it♥️
I used Carol’s Daughter when I first went natural especially since my grandma was using it but it didn’t work for me. I use TGIN and Camille Rose now.
Same the black vanilla line was so bad I really think i got a fake batch from Amazon.
Same here, on both counts. CD just didn’t work for my hair at all. I use TGIN, Camille Rose, and Shescentit now.
I have a feeling those people (you know) will he trying to buy Camille Rose and TGIN very soon. Seems like once a natural hair product is very well liked by black women, those people swoop in and buy and change it intentionally.
I keep hearing curl's daughter I thought it was called Carol's Daughter.
It’s my accent …I’m saying Carols Daughter…thanks for watching 🤎
@@CoffeeCuties777 so sorry about that.
I used this product faithfully until it was sold. I knew it would no longer be the same.
It’s unfortunate smh 🤦🏾♀️
I have to wonder how many people who are referring to the Carol's Daughter founder as a sellout consistently patronized her business. In order to remain open, a business has to turn enough of a profit to pay for whatever space it is renting, pay its employees, pay city fees, pay taxes, advertise itself, pay for its share of heat and electricity in the building, do marketing-the list of operating expenses goes on and on. People who don't patronize a business often enough to help it keep its doors are wrong to call the owner a sellout if they sell the business because it no longer makes enough money to keep the doors open.
Great point🤎🤎🤎
Me!
125 wasn't rhe 1st store her 1st orginal store was in brooklyn on south elloit place wayyyyy b4 the the store in harlem . Her products was orginally just skin care ans perfumes and once these investors got involved all the stuff i love where gone and then the hair stuff came in ...
Yes someone else spoke about the Brooklyn store as well …that’s cool you were there doing the beginning stages🤎🤎🤎
No, he just said PEOPLE said "they love me and abandoned me"
Black folks can be hella jealous🤣I'd like to FALL into 27 million! In my opinion, this is a great success story. I like Cecred products too. The scent and results on my natural 4C hair are truly AMAZING.
I honestly think more people would then they care to admit but I never was interested in trying Cered but I’m glad to hear you’re having great results 🤎
This except the Beyonce products because I don't use them
Her cut after all the core investors like Steve Stout and friends got their cut was about 15-20% of that money. Which is a bit under 5 mil. She does get royalties, and with Loreal scaling should net her a comfortable amount if invested right
Selling a business for $26 million is not a downfall of a company. Lots of entrepreneurs build a company just to sell it. With $26M, Lisa can chill and start some other venture if she wants to. But I thought she sold for more than that.
The product formulations have definitely changed. The coco crème line was the first time hair products had actually made my hair manageable, soft, and easy to style so I was hooked for life. Recently rebought the coco crème conditioner and that thing is like water.
Ironically I see some of the products showing up more on some of my white friend’s counters so I can tell the new owners want their mielle moment which is whatever. If anyone knows any product recs for 4c, thick high porosity hair lmk lol
I lived in Japan when she was myself and my friend's go to. We waited patiently for the box to arrive LOL. I'm from Toronto so whenever I was in BK, I would buy products. It's crazy that in 2024 carol's daughter is now sold in local drugstores. IT took a long time to be accessible.
She got $26MIL and that can go towards generational wealth by investing in stocks, bonds, set up trusts, estates, etc. The family still has money.
Great points🤎🤎🤎
I used it and loved it when my hair was relaxed. Haven’t used it in years.
I think you’re the first person that was relaxed give a review on the product…that’s good to know it worked for both at the time
I got my notifications on girl 📣 😂
Yay 🤎🤎🤎
I tried to support Carol's Daughter. I was impressed by her story when I saw her on Oprah's show. However, the hair care products left my hair oily not in a good way. I also developed a very bad dandruff problem. Loads and loads of dandruff. I could no longer use those products. I wished her luck at the time and still do.
I tried it, it gave me the worst ever dandruff, just huge clumps of dry dandruff all over my scalp. It was terrible.
@oderadee169 Me too!! It was so terrible that it grossed me out. At one time, I had more dandruff than hair. It didn't take me long to figure out what the problem was.
Thanks for the information……
Thanks for watching 🤎🤎🤎
I never used her products her hair products. I never knew she had hair care products. I only saw her body butter and oils in magazines and hsn. But i love her body butter. I wish she would sell it in stores. You can only buy it online
It’s funny because I don’t remember the body products🤎
Her products didn’t work for my hair. I wish her well.
I use watever works on my hair. Right now my favs arw shea moisture shampoos and condition. For stylers. As I am leave in/buttercream and the Mane choice 3 in 1 and curl defining curl 💜🤘🏾
People hate shea moisture but i use one of their products and it definitely hydrates my hair like it says.
Please Lord let this be my story! ❤️❤️❤️❤️
Do you have a hair product?
No disrespect, but are you talking about Carol’s Daughter because I keep hearing Curl Daughter
No disrespect taken it’s my accent…I’m saying Carols Daughter 🤎
Why on earth would Beyonce talk about Carol's Daughter, a competing product? Are you serious? If she did that she would have to talk about why she created her own product outside of Carol's Daughter accompany that she invested in. That would be a mess. Come on think about it.
Beyonce could use that to give herself credibility not to sell carol’s daughter today. It’s kinda like when we put our old jobs on our resume to show we had experience in whatever we are trying to do in the current day.
Beyonce used to use the product or at least ordered/offered. I distinctly remember when she was married in NYC we had a customer with security pick up tons of product we got in shipment that was over our normal that had to be wrapped in "promotional baskets". Also we had clients who booked after hours, with no names off the book come and get their hair done FOR FREE and FREE product. Only after the news leaked all of us at the store put it together. This was over a decade ago and Carol's Daughter is no longer considered top tier and more budget friendly. Beyonce is not in that price point with her line. Beyonce also had a deal with Loreal which is who bought Carol's Daughter so it is very common to send models, artists, celeb products from all lines owned since Loreal is a conglomerate.
Her leave in conditioner is Too Notch. Hands down. Her other products 🤷♀️
I never got a chance to try the leave in’s…what is your favorite line?
I dont have a problem with her selling the company at all. Its stressful as hell running a business, dealing with employees, government regulations, suppliers, etc. And just keeping up with market trends. After 20 years or more of that, she may have said "enough". Lisa Price is a person first, who knows what she sacrificed to make that business successful and what the real costs were in terms of relationships, health, etc. Finally lots entrepreneurs sell after a while to larger companies. Lume` sold out, IT Cosmetics sold out but it seems black entrepreneurs are called names and have their reputations trashed ironically by other black people. Its not right.
Great points! I think people wouldn’t mind as much if they didn’t change the ingredients to the products black people grow to love especially when it’s already hard for us to find products 🤎
The way you say "Carol" is too cute. Are you from Maryland?
lol 😂 thank you and no I’m from the Midwest…thanks for watching 🤎🤎🤎
I watched your last video about the Mielle company. And I recently watched *another* video about Mielle causing another woman’s hair to fall out.
Like I really have a list of brands I want to try and Mielle and Carol’s Daughter are on my list but I’m not as excited to try them after learning about these brands. I’m just like whatever now. 😆
Yeah I’m about to start looking into making my own products because the stuff I’m learning about is too much smh 🤦🏾♀️
The product line went down when she sold and had questionable ingredients added to them.
That’s what I’m hearing and that’s unfortunate smh 🤦🏾♀️
I’m still looking for aunt Jemima. I miss her being on my table.
Yeah they changed the label smh 🤦🏾♀️
@@CoffeeCuties777 😔
27 million for a failing business sounds good to me😭😭
True but if they were willing to give 27 that means the potential for a turn around was possible and the profit was projected to be way more 🤎🤎🤎
I had an allergic reation to Carol's Daughter. Had to leave it alone.
Oh wow …sorry to hear that. What are you using now?
I remember when CD first started. I tried it a couple of times just did not work for my type 4 hair texture. I did like Shea moisture and As I Am, left them too, now I still like CR and Cream of nature twisting cream. I enjoyed the information. Thank you.
Thanks for watching and I have a As I Am video dropping this week so please subscribe 🤎🤎🤎
@CoffeeCuties777 OK, and I have subscribed. I use very minimal products now that I have embraced my grey.
The hair products didnt work for my hair but I did get a few of the body products. Not consistently though, I do remember it being a little expensive.
For the love of money. Black creators always sell their knowledge to WP.
True and it’s unfortunate because I don’t feel we need white interference for financial freedom 🤎
am i trippin or did she never have a store in Harlem? I only remember the store and flagship in Fort Greene, Brooklyn in the early 2000's
From what I researched it was 125th and Harlem🤎
125th Harlem store was Flagship, in the beginning it had a spa then in the last 4 it was a salon. The Brooklyn store, Harlem store and Atlanta store was managed by one lady until Loreal came in a year before the announcement.
@@CoffeeCuties777 oooh okay, thank you!
I did not like the product...it made my hair dry
I used Carol's Daughter's hair that I bought from HSN years ago hiwever there was so much alcohol in the product that it burned my scalp. For a product that is as supposed to be natural, I was very disappointed.. Maybe the formula changed once she sold the company however I was not impressed and never bought any more products.
Oh wow 😮 that’s unfortunate…what do you use now?
*Curl's Daughter OR Carol's Daughter?????????*
@@summerstate1146 Carols…it’s my accent…thanks for watching🤎
This is common in business! That’s why they call them startups. My only concern is that she didn’t sell too low bcuz sometimes we don’t know our true worth. What is she doing today?
I’m hearing different figures but they all were great and she’s still the face of the company and seems to be doing well🤎🤎🤎
Could never afford them in my country....
What do you use instead?
SHE DID RIGHT EVERYTHING HAS IT'S TIMING 💯 PERCENT CORRECT
Thank you for sharing your perspective 🤎🤎🤎
HSN on cable networks
I was wondering what happened to her.
🤎🤎🤎🤎
I would take the 27 million and start something else
@@Bruja13-cq4oz Thanks for sharing your thoughts….would you do another consumer based business or make more silent investments🤎🤎🤎
Is there a difference between the word Carol and curls in America?
It’s my accent lol saying Carols…thanks for watching 🤎🤎🤎
I use the cheapest shampoos & conditioners I can buy and my hair has been healthy for over 40 years. Taking care of your hair isn’t expensive.
What product do you use?
Consider looking up the pronunciation of the company’s name before filming. Carol keh•ruhl sounds like you’re saying curls
Umm 🤔 it’s my accent because I clearly know it’s Carols Daughter…I literally used the product….thanks for watching though 🤎
7:14 business is business lol
I like this brand
They products was no go for me. I n think I got batch after they was took over.