Beatrice Dixon’s The Honey Pot Company has entered into a $380 million partnership deal with Compass Diversified (CODI), one of the largest public investment companies in the United States. The acquisition is expected to close…
Originally founded as a restaurant franchise over three decades ago, Thompson Hospitality Corporation has grown to become the largest minority-owned food service in the United States. The family-run business generates a revenue of over $700…
Africa-focused fintech startup Cleva Banking led by Nigerian entrepreneur Tolu Alabi has successfully raised $1.5 million to help its work. The recent pre-seed funding round was led by San Francisco-headquartered 1984 Ventures, with the participation…
Although the NBA sides have seen Black people in management and executive positions since the 1970s, Cynthia Marshall is the first Black female CEO in the NBA. Marshall has led the Dallas Mavericks since 2018.…
Robert F. Smith’s Vista Equity Partners has acquired JAGGAER, a global leader in enterprise procurement and supplier collaboration software, from Cinven. The acquisition aligns with the firm’s goal of investing in artificial intelligence after raising…
To celebrate Slutty Vegan’s 6th anniversary, its founder and CEO, Pinky Cole Hayes has rewarded two of her longtime employees, Angel Barnwell and Miesha Hambrick with their own franchise. The two women have been crucial…
Black business ownership is growing at the fastest pace in 30 years. According to data from the Federal Reserve’s Survey of Consumer Finances, the share of Black households owning a business has more than doubled,…
The pandemic unequivocally changed how we work. It shook up the traditional workplace setup and ushered in the remote work era. According to the Pew Research Center, approximately 22 million employed adults in the U.S.…
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