The Quiet Crisis Facing Black Woman-Owned Businesses(Forbes)
Beloved fashion brand Hanifa announced recently that it would be pausing production for the foreseeable future. The news comes after months of controversy the company has been mired in due to shipment delays following its 2025 Black Friday sale. Popular whisky and bourbon brand Uncle Nearest, named after the enslaved man who distilled whiskey for Jack Daniel, also made headlines recently following accusations that the company had defaulted on millions of dollars’ worth of debt. In the summer of 2025, beloved beauty brand Ami Colé announced that it would be closing after four years of business. According to recent reports, the founder of well-known restaurant chain Slutty Vegan has filed for Chapter 11 bankruptcy with court documents indicating that $1.2 million is owed to the Small Business Administration and $192,000 is owed in state taxes. What all these businesses have in common is that they are Black woman owned. Click here to read the full-text article
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