Topicals founder and CEO Olamide Olowe and its president Sochi Mbadugha have acquired Bread Beauty Supply through their holding company, Cost of Doing Business (CODB), which they launched in 2024. The financial details of the deal were not disclosed. According to Business of Fashion, CODB plans to grow Bread Beauty Supply’s retail presence in the US, beginning with an expansion into more Sephora stores. Topicals and Bread: Two Visionary Black-Owned Brands Topicals is a Black-owned skincare brand founded by Olowe in 2020. It has gained prominence for its products that
Hannah Bronfman, the wellness entrepreneur turned prolific angel investor, has revealed her plans to launch her own investment fund during an event at AFROTECH Conference, as first reported by TechCrunch. Known for her portfolio of angel investments in over 70 companies—including Black-founded beauty brands like Topicals and Sienna Naturals—Bronfman now aims to manage an institutional fund. From Angel Investor to Institutional Visionary Bronfman, who previously founded the wellness and beauty platform HBFIT, shared her experiences with an audience of young Black professionals and tech executives. She highlighted how community and
