Anifa Mvuemba, founder of the fashion brand Hanifa, has announced that the brand will pause production. “I don’t want to rush just to prove resilience. I don’t want to pretend everything is fine just to keep momentum,” Mvuemba said in an interview with The Cut. “Right now, I’m reflecting. I’m protecting what matters to me in this season. And I’m allowing myself to be human in the process. I don’t know exactly what the future of Hanifa looks like at this very moment. And for the first time in 14
Uncle Nearest Property Listed for Sale Before Judge Decides on Receivership Expansion or Termination
Uncle Nearest is awaiting a decision on whether the company’s receivership should remain in place or be expanded to include Uncle Nearest and the current defendants, according to the Moore County Observer. Nearest Green Distillery and the flagship Uncle Nearest whiskey brand have been under a receiver’s management since September, after lender Farm Credit Mid-America claimed the Weavers defaulted on more than $108 million in loans. Uncle Nearest’s property listed for sale Receiver Phillip G. Young Jr listed the business’s Martha’s Vineyard property for sale. Farm Credit Mid-America alleges that Uncle Nearest
A British Asian man was arrested for a burglary 80 miles away from his home after facial recognition mistook him for another man from a South Asian background, The Guardian reports. In January, 26-year-old Alvi Choudhury was taken in by the police at his parents’ home in Southampton. The burglary took place in Milton Keynes, which is 80 miles (130km) away from his home. Facial recognition wrongfully arresting man of color In January, 26-year-old Alvi Choudhury was taken in by the police at his parents’ home in Southampton. The burglary
Pat McGrath Labs is being marketed to prospective buyers through bankruptcy proceedings, only days after GDA Luma said it had secured a controlling stake, The Business of Beauty reports. A bankruptcy judge chose Gordian Group as Pat McGrath Labs’ investment bank, which is seeking an “investment and acquisition opportunity” for the brand, as stated in a presentation viewed by BoF. Pat Mcgrath looking for a new investment During the presentation, prospective buyers were told that any transaction must repay debtor-in-possession claims totalling over $60 million, with an additional estimated $70 to
Coke Florida is celebrating the 100th Anniversary of Black History Month by making a long-lasting commitment to invest in Black communities across the state. The brand will celebrate the contributions of Black Americans by investing in initiatives that support Black communities, according to a press release. Coke Florida’s donation Coke Florida will donate 300 new laptops, making its total contribution to nearly 2,100 devices distributed to schools, nonprofits, and community organizations in Florida. In 2018, the brand invested more than $1 million to support programs that increase digital access for Floridians.
Makeup artist label Pat McGrath Labs has secured a $30 million financing package from the financial firm GDA Luma, according to Business of Fashion. The company filed for bankruptcy in a Miami court earlier this year to restructure its debts. The debt came from a loan obtained in April 2025 from GDA, according to the filings. The package was approved by a Miami, Florida bankruptcy court, which approved $10 million in new debtor-in-possession financing for the makeup brand, plus an additional $20 million in post-emergence working capital, according to a
Black-owned investment firm Fearless Fund is launching a microfinance fund in Ghana. This, after, comes the American Alliance (AAER), which sued Fearless Fund, claiming that the Strivers Grant, sponsored by Mastercard, violated the Civil Rights Act of 1866 by excluding white founders. The Fearless Fund launched a new initiative one year after settling a lawsuit with the American Alliance for Equal Rights (AAER). Now the venture capital firm has set its sights on Africa. It’s launching a microfinance fund in Ghana on March 21 and awarding GHS 100,000 to female entrepreneurs, according to
Sarah Bond, the first Black female president of Xbox, has stepped down. Bond was promoted to Xbos president in October 2023, shortly after Microsoft closed its $68.7 billion deal to acquire Activision Blizzard, according to The Verge. “Over the past four years, we’ve navigated that moment together and positioned the business for what comes next. We took on some of the biggest challenges this organization has ever faced and did it as one team,” Bond wrote in a LinkedIn post. About Sarah Bond Bond became the first Black woman to serve
Best-selling author, attorney, and founder of Hello Seven, Rachel Rodgers, is inviting the public to help fund her latest project — The Rachel Rodgers Show: Entrepreneurship, Uncensored. The new travel-meets-business TV series will spotlight people turning their ideas into successful businesses. “In it, we talk money. We talk mindset. We talk strategy, food, art, culture, our challenges, and community. Because that’s what entrepreneurship really looks like,” Rodgers says on her Kickstarter page. The Rachel Rodgers Show: Entrepreneurship, Uncensored The Rachel Rodgers Show strips away the glossy myths of entrepreneurship to reveal
Sequoia Capital’s chief operating officer, Sumaiya Balbale, stepped down from her role after partner Shaun Maguire made comments she considered Islamophobic, the Financial Times reports. In July, Maguire posted comments on X about New York mayoral candidate Zohran Mamdani, stating he “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda.” Maguire later said that his critique was targeted only at Islamism (the political ideology) rather than the whole Muslim population. Sumaiya Balbale leaves Sequoia Capital Balbale, who is a
