Inc. Magazine – September 2019

(Nancy Kaufman) #1
GE

TT

Y^ (

2 )

44 ● INC. ● SEPTEMBER 2019 ● ● ● ● ● ●


the store. You’d go into the retail


store and the experience was hor-


rible. If you were a person of color


who walked into a retail environ-


ment back then, you were basically


segregated. I used to say the only


place in America where segregation


is legal is in the beauty aisle.


Can you explain what that looked


like, how it could happen?


First, you would walk in and you’d


be followed around the store. Your


products would be isolated over in


this corner in the back, on the bot-


tom here with poor lighting. And


then the assortment would be hor-


rible. We found that it took a black


female consumer a trip to five differ-


ent retail stores to get the products


to do her hair. It took us 16 years to


get into retail, because we didn’t


believe that that was the right way


to service our customers.


Sundial is certified as a B Corp and


as a Fair Trade company. How do


you see those movements? Are they


making a difference?


You can see the impact just by walk-


ing into a store. The isolation is


all but gone, and the messaging is


respectful and thoughtful. So there’s


real change around how you look


to serve underserved consumers.


B Corp and Fair Trade, those certifi-


cations have helped because they’ve


provided their consumer with com-


fort that this company or this brand


or this product aligns with the per-


son’s values. Consumers are more


aware today. But there’s a lot of mis-


information as well. A certifying body


allows you to take comfort in, hey,


there’s been some measurement here.


You sold the company to Unilever


in 2017. What was that process


like?


It took us about five years. We like to


think of ourselves as a mission with a


business. The mission needs to con-


tinue to be developed, but it needs


to be developed at scale, because


if we’re going to actually bring the


economic impact and inclusion into


these communities, into our supply


chain, all of these women in West


Africa, we’re going to have to find a


much bigger platform.


Was Unilever the only company


you considered selling to, or were
there lots of suitors?

There were lots of suitors, but none


that had already demonstrated the
desire and the ability to do this

right. Unilever had done Ben &


Jerry’s years before. Also, not many
companies have the sophistication

and the supply chain that Uni lever


has across the globe.


Did you at any point think


“Unilever is the problem”? I mean,


Unilever is why the market looked
like it did for so long. Did you ever

see that as a con tradiction?


Community Building
Dennis bought the assets of Essence, the pioneering magazine for African-
American women, from Time Inc. in 2018. That gave him control of the Essence
Festival, a hugely popular musical and cultural gathering. At this year’s event,
former First Lady Michelle Obama (left) was interviewed by Gayle King.

If you were a


person of color


who walked


into a retail


environment


back then, you


were basically


segregated.

Free download pdf