Shea Moisture Founder Buys Essence Magazine, Returns to 100 Percent Black Ownership

amp;quot;It is with great joy that we announced that Essence is under new ownership and is now an independent African-American-owned company," tweeted the 47-year-old title.

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Shea Moisture Founder Buys Essence Magazine, Returns to 100 Percent Black Ownership

Essence Magazine Returns to Black Ownership

Back to black: shea moisture co-founder acquires Essence magazine - Ark Republic

African-American company buys Essence Communications from Time Inc.

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Back to black: shea moisture co-founder acquires Essence magazine - Ark Republic

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Shea Moisture Founder and CEO Buys 'Essence' From Time Inc. - Fashionista