J. P. Morgan Chase Invest in Johnson Publishing Company, Publisher of EBONY Magazine

Johnson Publishing Company, Inc., the publisher of EBONY and JET magazines and owner of Fashion Fair Cosmetics, a global cosmetics brand for women of color, today announced that JPMorgan Chase’s Special Investments Group (SIG) will become an investor in the company. Terms of the investment were not disclosed.

<link http: www.blackentrepreneurprofile.com profile-full article linda-johnson-rice external-link-new-window>Linda Johnson Rice, chairman of Johnson Publishing Company, said, “J. P. Morgan Chase’s investment in our firm is a logical outgrowth of our longstanding relationship.  It positions Johnson Publishing for continued growth as a family-owned publisher of the Black community’s most-trusted media brands by providing financial resources to take our iconic EBONY and JET magazines to the next level and accelerate our growth strategy for Fashion Fair Cosmetics.”

“We are grateful for the support of our readers, advertisers and business partners, and we are excited about the future opportunities this investment creates for our company,” Rice added.

EBONY and JET have served the Black community for more than 60 years. With circulation of 1.25 million copies per month and 800,000 per week, they are the number 1 and 3 publications, respectively, focused on Black America. Launched in 1973, Fashion Fair Cosmetics is a global prestige cosmetics brand for women of color that is currently sold in the United States, Canada, the United Kingdom, France and the Caribbean.

Greg O'Hara, head of SIG, said, "We are delighted to partner with our client Johnson Publishing Company, with which we have worked for more than 40 years. This investment demonstrates our commitment to Johnson Publishing’s iconic brands, which have stood the test of time.”

Please Support Our Sponsors
Become a sponsor.

You’re reading BlackEntrepreneurProfile.com -- experts who research black executives, entrepreneurs and their surrounding ecosystem, on a weekly basis. Be sure to check out our homepage for all the latest profiles and news, and follow Black Entrepreneur Profile on Twitter, Facebook, and Instagram to stay updated. Start by checking out some of our exclusive collections, Black Billionaires and Black Fortune 500 CEOs.

Latest News & Articles

Rihanna Fenty

Rihanna's lingerie company Savage X Fenty, known for its inclusivity of all body types, is reportedly planning a public offering at a reported $3…

Serena Williams, tennis champion and successful businesswoman and partner Alison Rapaport Stillman has raised a new fund, Inaugural Fund with $111M in…

Robin Rihanna Fenty

Robin Rihanna Fenty, the multi talented Barbadian entrepreneur, known best for her multi platinum selling music career, has raised $125 million for…

Frank Clyburn

International Flavors & Fragrances announced on January 20, 2022, the appointment of Frank Clyburn, an accomplished leader and operational executive,…

Sean Combs

Mr. Combs, 52, won back ownership with a $7.55 million bid in an auction to save Sean John from bankruptcy, according to court documents. Mr. Comb's…

Recently Added Black Executives

Sarah Mensah

Occupation: Businesswoman; Position: VP, General Manager; Company: Nike North America; Industry: Retail, athletic footwear, apparel, equipment,…

Tiger Woods

Born: December 30, 1975, Cypress, California; Occupation: Businessman, Professional Athlete; Position: Founder, CEO; Company: TGR Ventures; …

LeBron James

Born: December 30, 1984, Akron, Ohio; Occupation: Businessman, Professional Athlete; Position: Co-Founder; Company: SpringHill Company; …

Bill Spruill

Born: Goldsboro, North Carolina; Occupation: Businessman; Position: Co-founder & President; Company: Global Data Consortium; Industry:…

Yannick Lefang

Born: France; Occupation: Businessman; Position: Founder & CEO; Company: Kasi Insight Inc.; Industry: Market Research; Residence: Canada; …

FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra.

We also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Learn more...