Business
Brands tout Black heritage as some shoppers question authenticity
NEW YORK/BANGALORE (Reuters) – L’Oreal SA, Unilever and other multinationals that acquired personal-care brands founded by Black people are moving to reassure their core customers, some of whom have pledged in the wake of racial-justice protests to direct their spending toward only Black-owned companies.
L’Oreal’s multicultural beauty brand Carol’s Daughter, which was founded by a Black woman in her Brooklyn kitchen in 1993 and named for her mother, said June 10 that it wanted to “clear some things up” when it posted a message to its Instagram page.
“Carol’s Daughter is Black-founded, and Black-led, and joined the L’Oreal family of brands in 2014,” it said. Founder Lisa Price “is still actively involved in all aspects of the business; leading the brand’s product development and creative vision,” the statement said.
Price is senior vice president and creative director at Carol’s Daughter, which is part of the Multi-Cultural Beauty Division at L’Oreal USA, and is also part of the Executive Committee at L’Oreal USA.
Multinational companies in recent years have snapped up products aimed at Black consumers and marketed those brands as authentically Black, with homemade formulas, personalised offers and feel-good marketing.
But in the wake of the protests following the May 25 death of an unarmed Black man, George Floyd, many consumers are pledging to purchase more goods from Black-owned businesses as a way to bring greater racial equity.
SheaMoisture, a personal care company founded in Harlem by Liberian immigrants in 1991, became part of Unilever in 2017 after the Anglo-Dutch multinational Unilever purchased Sundial Brands, a New York-based beauty firm. Black consumers threatened to boycott its products in June citing its corporate ownership.
On June 9, Cara Sabin, CEO of Sundial Brands, which operates as a standalone unit within Unilever, posted a message on Instagram to assuage them. “I am a Black CEO, in White corporate America, leading a brand that exists to serve our Black consumer,” Sabin wrote.
Black spending power in the United States is expected to rise to $1.5 trillion by 2021, from about $1.3 trillion last year, according to a report by Nielsen, a data analytics firm that tracks consumer purchases.
The Black community makes up 13.4% of the U.S. population, and outspends in relation to other groups on products such as hair care and beauty, and women’s fragrances. In 2017, for example, Black shoppers represented 85% of the $63 million total U.S. industry spend on multicultural hair care products.
The group also represented 22.4% and 21% of the total U.S industry spending on women’s fragrances and feminine hygiene products that year, respectively, the report showed.
Sales of hair care products targeted at multi-ethnicities were up 50% year-over-year in the month to May 17, according to Strategic Solutions International, a unit of Nielsen. Black-owned hair care companies represented 14% of the category, but drove 20% of that growth at retail stores.
But some consumers say they’re paying closer attention to the ownership of a variety of goods and services aimed at Blacks, including bookstores, restaurants and pharmacies. On fundraising site GoFundMe, there are nearly 2,000 pages set up in support of Black-owned businesses, the majority of which were all created in recent weeks.
“We’ve been dealing with these issues with Black people for how long, right? But there’s just something about this moment,” said Vivian Duker, a Baltimore-based corporate attorney. Earlier this month, she teamed up with a friend to launch a Change.org campaign called “#VERIFYBLACK” that has garnered more than 7,000 signatures. The petition seeks to get social media platforms to identify Black-owned businesses more clearly.
Brands such as Carol’s Daughter and SheaMoisture would not qualify as Black-owned businesses, she told Reuters.
Unilever and L’Oreal did not respond to requests for comment.
Procter & Gamble in 2018 acquired Walker & Co, the parent company of Bevel, a men’s grooming line, and Form Beauty, a women’s haircare line – both primarily for people of color. Walker & Co Vice President of Marketing Tia Cummings told Reuters that being part of P&G helped widen the availability of its products, making it easier for men and women to find and purchase them.
Dana Williams-Johnson, Instructor in the Howard University School of Business Marketing Department said companies “making money off of Black consumers should have leadership that reflects the consumers that purchase the brands.”
“How diverse are these company’s boards? How many Black people are at the top with a seat at the boardroom table? How much do all these brands truly value the Black dollar? Those will be the questions that need answers next,” she added.
According to Black Enterprise magazine, 187 of the S&P 500 companies did not have a single Black member on their boards in 2019.
Haircare company Cantu Beauty faced such questions on Instagram this month, with some shoppers noting it was sold to PDC Brands in 2015 and declaring they would boycott the brand in favour of Black-owned businesses.
So the company hosted an Instagram livestream chat “with the people behind the brand” on June 12. “I want to pull back that curtain and let you guys see exactly what is going on behind the scenes,” Cantu Beauty’s Global Vice President Dametria Mustin said during the livestream.
PDC Brands did not respond to requests for comment.Synthea Hairston, 24, from Pittsburgh, Pennsylvania called Cantu her “number 1” brand for many years. But she refuses to shop the brand again.
“Now my conscious is eating at me… I will literally be keeping a list with me at all times to make sure what I’m picking up is Black-owned.”
Reporting and photo: Reuters
Business
2 decades of culinary excellence: BBM’s founding legacy with Hotel Asia continues in 2025
Hotel Asia Exhibition and International Culinary Challenge is referred to be the hospitality industry event in the Maldives. In this year’s Culinary Challenge (19 to 22 October 2025) comprising competitions over 20 categories, most will take place at the Faculty of Hospitality and Tourism Studies, Maldives National University, and some at the Synthetic Track, Hulhumalé.

A Founding Partnership that Endures
Since the very first edition in 2001, Bestbuy Maldives (BBM) has played a central role in shaping the International Culinary Challenge into the Maldives’ most prestigious culinary platform. The event has become a cornerstone for professional development, bringing together chefs from across the Maldives to compete, learn, and showcase their craft.

BBM and their associated Principals sponsor an overwhelming majority of categories. “From the beginning, our goal has been to create opportunities for Maldivian chefs to rise to global standards. This partnership has grown with the industry itself,” said A.V.S. Subrahmanyam, Chief Operating Officer of BBM.

Nurturing Local Talent
BBM’s contribution extends beyond sponsorship. The company has built a long-term system for recognizing and developing local culinary talent.
- BBM Chairman’s Trophy for the Best Maldivian Competitor.
- Most Promising Young Chef Award for emerging talent.
- Global exposure programs for Maldivian chefs through sponsored participation in international events.
- Pro-bono Masterclasses with world-renowned chefs to encourage learning and innovation.
Investing in the Future of Hospitality
Through initiatives such as Building Young Talent, BBM continues to mentor aspiring professionals and support the next generation of chefs. The company also promotes inclusivity by sponsoring opportunities for female and young chefs to gain international exposure.
BBM’s industry partnerships include its role as Title Sponsor of the Hotelier Maldives Awards, celebrating excellence across the Maldivian hospitality sector.

Proud Sponsors of Culinary Excellence
In 2025, BBM and its partner brands proudly sponsor 14 competition categories and 8 Main Awards, further strengthening their role in the development of culinary arts in the Maldives. Categories include Decorated Cake, Artistic Showpiece, Bread and Pastry Display, Three Desserts (Display), Desserts, Rice Dish, Asian Noodles, Team Challenge, Maldivian Dish, Creative Sandwich, Young Chef, Tea Challenge, tapas/finger food, and Iced Mocktail.
Business
Bestbuy Maldives, MNU forge partnership to advance hospitality education
The Maldives National University – Faculty of Hospitality and Tourism Studies (MNU-FHTS) and Bestbuy Maldives (BBM) have officially signed a Memorandum of Understanding (MoU) to strengthen industry-academic collaboration and advance hospitality education in the Maldives.
The MoU was signed by Dr Aishath Shehenaz Adam, Vice Chancellor of MNU, and Ismail Hilmy, Chairman and Managing Director of BBM, during a ceremony attended by the university’s Chancellor Dr Mahmood Shaugee, senior management, and representatives from both organisations.
This partnership marks a significant milestone in developing a state-of-the-art Food and Beverage Practical Demonstration Kitchen at MNU-FHTS. BBM will support the upgrading of the existing Garde Manger kitchen and classrooms, contributing financially and materially to create a modern, industry-standard learning environment for future hospitality professionals.
Beyond infrastructure, the collaboration will extend to academic and training support, research and innovation in culinary arts, community engagement, and professional networking opportunities, ensuring that students gain practical, real-world experience aligned with industry expectations.
Highlighting the broader purpose of this partnership, BBM stated that, “This is a significant step in the direction of BBM’s vision involving hospitality industry outreach in the Maldives — because tomorrows start today. Initially, we will set up a world-class model kitchen that will be suitable for masterclasses and hands-on training for students; and also for product demonstrations, masterclasses, and interaction with groups of customers.”
Speaking at the ceremony, representatives from both institutions emphasised their shared vision to promote excellence in education, innovation, and human capital development in the Maldivian hospitality sector. This partnership underscores BBM’s continued commitment to supporting education and industry growth, and MNU-FHTS’s mission to bridge the gap between academia and industry — nurturing the next generation of hospitality leaders in the Maldives.
Business
SATA 2025 announces partnerships; confirms Hotelier Maldives, Maldives Insider as Media Partners
Hotelier Maldives and Maldives Insider have been confirmed as official Media Partners of the South Asian Travel Awards (SATA) 2025. The announcement was made during a signing ceremony held at Hulhulé Island Hotel, Maldives, where SATA unveiled its distinguished partners for the 9th edition of the annual awards.
Now in its ninth year, SATA has become a key platform for recognising excellence in South Asia’s tourism and hospitality sector. The partnership with Hotelier Maldives and Maldives Insider will strengthen the awards’ regional visibility and ensure extensive coverage of the event across Maldives and beyond.

This year’s awards ceremony will take place from 19th to 20th September 2025 at Cinnamon Grand Colombo, Sri Lanka, bringing together industry leaders, stakeholders, and innovators from across South Asia.
In addition to the media partnership, SATA 2025 also announced its corporate partners. Honda Marine has been named the Platinum Partner, while The Hawks, Velana International Airport, and Allied Insurance Company of the Maldives join as Gold Partners. Renaatus Realty has been confirmed as the Silver Partner, and Hulhulé Island Hotel continues as the official Hospitality Partner in the Maldives.

Speaking at the ceremony, SATA organisers noted that the strong lineup of partners reflects the growing importance of collaboration within the tourism and hospitality industry. With the support of its partners, SATA 2025 aims not only to celebrate outstanding achievements but also to foster long-term cooperation and sustainable growth in the region’s tourism sector.
The awards are endorsed by leading national tourism bodies and associations across South Asia, including the Sri Lanka Tourism Development Authority, Nepal Tourism Board, Visit Maldives Corporation Limited, and several travel and hotel associations across the region.

This year’s evaluation process was conducted by a panel of nine jury members representing different countries, including tourism leaders from India, Sri Lanka, Bangladesh, Nepal, Bhutan, Spain, and the Maldives.
Through partnerships with media outlets such as Hotelier Maldives and Maldives Insider, SATA 2025 will ensure broad engagement across key markets, strengthening its position as one of South Asia’s most prestigious hospitality and travel award platforms.
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