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8 Black woman-owned business receive grants from Anastasia Beverly Hills

Assistance from bankers at Wells Fargo as well

Carol Ozemhoya, OW Contributor | 3/1/2021, 1:57 p.m.
Haute cosmetics company Anastasia Beverly Hills has announced...

Haute cosmetics company Anastasia Beverly Hills has announced that it will be granting nearly half a million dollars to eight Black, female-owned small businesses, reports Afro-Tech.

In a press release, it was revealed that the company made a $1 million commitment to the fight against institutional racism, oppression and injustice. This hefty $450,000 pledge “follows a combined donation of $550,000 to mental health and social initiatives that support marginalized communities, and five organizations at the forefront of the Black Lives Matter movement.”

The companies, and the CEOs that will be the beneficiaries of the grant from Anastasia Beverly Hills are as follows:

  • Akilah Releford of Mary Louise Cosmetics

  • Christina Tegbe of 54 Thrones Beauty

  • Shea Yeleen of Shea Yeleen Beauty

  • Paula Brown of the Paula Brown Performing Arts Center

  • Heritage Socks (best known for their collaboration with Stacey Abrams to get the “Toes to the Polls”)

  • North Carolina-based Anne’s Apothecary

  • Jamaica, Queens, NY-based The Nourish Spot Juice Bar

“In June we vowed to use our platform and privilege to amplify voices of marginalized groups that deserve to be heard,” said Anastasia Soare, CEO and Founder of Anastasia Beverly Hills. “One of the best ways to support a community is to support their thinkers, innovators and leaders financially. We are very proud to celebrate these eight dedicated and enthusiastic female entrepreneurs, and our hope is that the grants they receive will help grow and sustain their businesses during these challenging times.”

In addition to being awarded the grants, the recipients will not only walk away with mentorship from Anastasia Beverly Hills but assistance from bankers at Wells Fargo as well.