The Black beauty supply industry rakes in billions of dollars every year, but African Americans only own a fraction of the businesses within in industry. According to the Beauty Supply Institute, the beauty supply industry generates $15 billion per year, 96% of the customers are Black and less than 3% of ownership within the industry is Black.
Roland Martin talks with filmmaker, Aron Ranen; Devin Robinson, founder of the Beauty Supply Institute; Princess Hill and Kelly Williams co-owners of Ambiance Beauty Supply about how African Americans are being locked out of the beauty supply industry. Listen to their entire conversation below.
Be sure to listen to “NewsOne Now” with Roland Martin, weekdays at 7 a.m. EST and watch at 9 a.m. EST on TV One.
Watch Aron Ranen’s documentary on the Black beauty supply industry titled, “Black Hair.”