Liberian-American Richeliu Dennis Buys ESSENCE From Time, Inc. Returning it to a 100% Black-owned independent company

Liberian-American Richelieu Dennis who is the founder and CEO of three companies Sundial Brands, Shea Moisture, and privately held venture Essence Ventures LLC, has acquired Essence Communications Inc. from Time Inc. The announcement was made last week. ESSENCE President Michelle Ebanks will continue at the helm of the company and will also join its board …