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News FLEW late last week that natural hair care company Carol's Daughter had filed for bankruptcy.
Folks all over the Internets, on blogs and on Facebook, talking about why and how Carol's Daughter Founder Lisa Price messed up. They'd all but nailed the coffin shut, lamenting and pontificating on blogs written THREE years ago about how Price rattled her core fan base (essentially accusing her of selling out to focus on a multi-cultural audience) from the now defunct 2012 ad campaign featuring Selita Eubanks, Solange and Cassie.
Yes, you read that right, a 2011 blog! Folks blamed it on Carol's Daughter exec Steve Stout, how he doesn't like Black folks (what did ANY of that have to do with this)?
Careful. Only thing is, most of what was written about Carol's Daughter last week wasn't true, according to Price. I've been on vacay for the past week and in chill mode (I kno), so I didn't write anything about it.
But I'm so glad that I waited.
Seems like most of ya'll may have been dead wrong (hey, I've rushed to judgement on stuff before, too, and even I had a convo with one of my good friends about this topic).
Carole's Daughter isn't filing for bankruptcy and, in fact, things are going quite well for the company, according to Price, who said reports about the company's bankruptcy filing were "misleading." I know I saw her new line in Target yesterday, but this is what Price said on her company's Facebook page in an open letter today:
