finance
Black-Owned Hair-Care Company Listed on Major U.S. Stock Exchange
A company founded to produce hair-care products for Black consumers became the first Black-owned firm listed on a major American stock exchange. The firm also sponsored the television program Soul Train for many years.
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A company that manufactured hair-care products for Black consumers achieved a milestone when it became the first Black-owned business listed on a major American stock exchange. The same company served as a longtime sponsor of the television program Soul Train.
The firm developed and sold multiple hair-care lines aimed at Black consumers. Its products reached national distribution through retail and salon channels.
The listing marked the first time a Black-owned company appeared on a major U.S. stock exchange. Officials at the exchange confirmed the company met all listing requirements at the time of its entry.
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CorroborationLimited · 2 sources
