Steve Stoute Making Money with Carol's Daughter

Forbes.com is running a really good article about Steve Stoute and his plans for Carol's Daughter, a Brooklyn-based beauty line founded by Lisa Price. In May 2005 Stoute and a group of black movie and music stars including Will Smith, Jada Pinkett Smith, LeBron James and Jay-Z invested $10 million in the Brooklyn beauty-products company with plans to take the brand nationwide.

"High-grade leather and almond cookies: That's what Steven Stoute's chauffeur-driven, fully-loaded Mercedes Maybach smells like as he slathers on Almond Cookie Shea Souffle. The hand lotion comes courtesy of an upstart beauty company in Harlem, N.Y., called Carol's Daughter, in which Stoute, skilled promoter of hip-hop stars Nas and Mary J. Blige, recently took a sizable stake."

You can read the article here.

Latest Articles

Vista Equity Partners Logo

On Thursday, October 31, 2018, Vista Equity Partners announced it would be selling Marketo to Adobe for $4.75 billion, vindicating a strategy that…

Debra Lee

Debra Lee is stepping down from her post as CEO and chairman at the Viacom-owned cable network. Lee's last day at the company will be Monday, May 28.…

Pamela Thomas-Graham

Norwegian Cruise Line Holdings Ltd. has announced that it has expanded its Board of Directors with the appointment of Ms. Pamela Thomas-Graham as a…

Edith Cooper

Slack had added Edith Cooper, who resigned last year as the Global Head of Human Capital Management at Goldman Sachs, to its board of directors. 

Ms.…

Kenneth Chenault

Ken Chenault to join General Catalyst as chairman and a managing director, making him one of the most powerful venture capitalists.

Mr. Chenault…

Recently Added Profiles

Born: Trinidad & Tobago Occupation: Businessperson; Position: Head, Diversity & Inclusion; Company: Asana; Industry: Computer Software; …

Occupation: Businessperson; Position: Senior Vice President of Core Markets; Company: PayPal Holdings, Inc.; Industry: Financial Services; …

Occupation: Businessperson; Position: CEO; Company: Avisare Corp.; Industry: Computer Software; Residence: United States; Nationality: American

Occupation: Businessperson; Position: President of U.S. Operations ; Company: UPS; Industry: Transportation, Automotive Technology; Residence:…

Aicha Evans

Born: 1969, Senegal; Occupation: Businessperson; Position: CEO; Company: Zoox Inc.; Industry: Transportation, Automotive Technology; …