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
Reload launched its flagship product, Epic, this week, following a $2.275 million funding round to provide a management system for autonomous AI agents within software engineering teams. Reporting from TechCrunch indicates that Reload aims to transform ad hoc developer AI usage into a governed corporate system with specific permissions and persistent oversight. This shift is significant because the entity controlling the system of record for AI agents dictates how automated labor is tracked, audited, and integrated across disparate vendor models. Organizations currently face fragmentation as different agents perform isolated tasks
NBCUniversal filed a $35.8 million lawsuit against Group Black in late 2025, alleging the media collective failed to remit guaranteed payments and advertising revenue from their Peacock streaming partnership. The litigation marks a critical fracture in the institutional effort to redirect $500 million in corporate ad spend toward Black-owned media entities. Reporting from Business Insider and AFROTECH indicates that while Group Black secured $30 million in advertising sales, the firm allegedly withheld contractually obligated splits from NBCUniversal. This fiscal dispute follows a pattern of internal instability characterized by leadership exits
