Carol's Daughter

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Carol's Daughter is a line of beauty products, including products for: hair, skin, hands, and fragrance. It was designed by Lisa Price. Price named the company after herself in honor of her mother, Carol Price. Though the store has only two locations, one in Fort Greene, Brooklyn and the other in Harlem, New York, its products are available in hundreds of other stores and it has received an enormous amount of press coverage for its size, including an appearance on The Tyra Banks Show [1] and Oprah.[1]

[edit] Development

Founder Lisa Price began working on the products for her line in the 1980s, when she was working on The Cosby Show. In her free time she concocted organic beauty products in her kitchen, including pure oils such as sweet almond, jojoba, and soy. Her experimentation eventually led to a mail-order and online business in 1993, followed by the first store opening in Brooklyn in 1999. [2] During the fall of 2005, a second, flagship store opened on historic 125th Street in Harlem. Her product line is now carried by luxury cosmetics giant Sephora.[1] About ten new stores are planned in the next few years, including at least three in shopping malls. Her planned mall stores are an unusual feat for a new business, especially one started by an African-American.[3]

The expansion would have been impossible without heavy investment. Record executive Steve Stoute led a group of investors in pouring $10 million into the venture. Other big name investors include Jay-Z, Will Smith, and Smith's wife, Jada Pinkett Smith, plus Andrew Farkas, Jimmy Iovine, Tommy Mottola and Mottola's wife, singer Thalía. The current spokeswomen for the line are Mary J. Blige [2] and Jada Pinkett Smith [4]

[edit] References

  1. ^ a b Simanoff, Dave. "A New Face For Cosmetics", Tampa Tribune, 26 October 2006.
  2. ^ Ninh, David. "Carol's Daughter has got the organic goods", The Dallas Morning News (Texas), 15 September 2006.
  3. ^ Pristin, Terry. "Out of the Kitchen and Into the Shopping Mall", The New York Times, 25 October 2006.
  4. ^ Will Smith, Jay-Z back beauty line. CNN.com.

[edit] External links