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
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
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
Google software engineer Chisom Okwor is building Braidiant, a US-based startup developing an automated handheld device to speed up hair braiding for professional stylists. Launched in 2024, the company targets a labor-intensive market where price, time, and physical strain limit supply. Okwor previously worked on Google Maps for cars and paid for her undergraduate computer science degree by braiding hair. That experience shaped Braidiant’s focus on building tools that support stylists’ work rather than replace it. Automating Standardized Braiding Styles Hair braiding in the US is often expensive and time-consuming,
Two Black women are leading rival robotaxi programs that could define the future of autonomous transportation in the US. Aicha Evans, CEO of Amazon subsidiary Zoox, and Tekedra Mawakana, co-CEO of Alphabet subsidiary Waymo, have been named to Forbes’ “Women to Watch in 2026” for their influence in one of tech’s fastest-moving sectors. Alphabet’s Waymo: Tekedra Mawakana Tekedra Mawakana, 54, has been co-CEO of Waymo since 2021, overseeing the company’s strategy and the commercial rollout of its autonomous driving technology. Before taking on the top job, she served as Waymo’s COO and previously held leadership roles at eBay, Yahoo, AOL,
Apple is undergoing its biggest leadership upheaval since the death of cofounder Steve Jobs, as a cluster of top executives head for the exits. Among them is Lisa Jackson, the company’s vice president of Environment, Policy and Social Initiatives, and one of the most visible Black women in Silicon Valley. On December 4, Apple announced that Jackson will retire in late January 2026, marking the end of more than a decade at Apple, which helped shape the company’s climate agenda and its public commitments to racial equity. Lisa Jackson’s Departure Apple will not replace Jackson with a
Crystal Brown has no background in biology. She studied political science and women’s studies at the University of Michigan. Yet she has raised $3.3 million for CircNova, her AI-powered biotechnology company developing new therapies using circular RNA. Since securing the seed funding earlier this year, the Detroit entrepreneur has split her time between Michigan and Boston, building partnerships with biotech heavyweights as she scales the company. An Unlikely Journey To Biotech Brown’s path to biotech began in Michigan’s automotive industry, where she was climbing toward an executive role. A friend’s introduction to a life
Sula Labs, a beauty research and development lab for melanin-rich skin, and UFarmX, an AI-powered agri-fintech platform tackling Africa’s agricultural financing gap, have been named the $100,000 Co-Grand Prize Winners of the Black Ambition Prize. Black Ambition’s fifth annual Demo Day, held November 14–15 in Miami, marked the culmination of its three-month accelerator for underrepresented founders. Featuring conversations with Pharrell Williams and investor Mellody Hobson, and a surprise performance from Chance the Rapper, the event spotlighted 27 prize winners selected from more than 2,500 applicants. Sula Labs: Pioneering Science-Driven Beauty for Melanin-Rich Skin
