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Soft Sheen Products Inc

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BUSINESS
July 2, 1998 | Bloomberg News
L'Oreal is buying Soft Sheen Products Inc. as it expands in the $4-billion U.S. market for ethnic hair-care products. The French maker of Redken hair coloring and Maybelline cosmetics did not disclose how much it will pay for Chicago-based Soft Sheen, which sells about $80 million a year in products designed for African American consumers.
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BUSINESS
July 2, 1998 | Bloomberg News
L'Oreal is buying Soft Sheen Products Inc. as it expands in the $4-billion U.S. market for ethnic hair-care products. The French maker of Redken hair coloring and Maybelline cosmetics did not disclose how much it will pay for Chicago-based Soft Sheen, which sells about $80 million a year in products designed for African American consumers.
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BUSINESS
May 7, 1992 | From Reuters
The 100 top-grossing black-owned businesses had revenue of $7.9 billion last year, representing a 10.4% increase over 1990 sales of $7.2 billion, according to Black Enterprise magazine's 20th Annual Report on Black Business. Research on the 100 companies, all in the industrial and service sectors, is done by Black Enterprise and reviewed by independent accountants. The top grossing company was New York-based TLC Beatrice International Holdings Inc., a food processing and distribution company.
NEWS
December 15, 1995 | SARA FRITZ, TIMES STAFF WRITER
The Clinton administration was chastised Thursday by Democrats as well as Republicans for spending valuable foreign aid dollars on frivolous projects in South Africa, such as a $300,000 grant for hair care training. Senate Foreign Relations Committee Chairman Jesse Helms (R-N.C.), a longtime critic of U.S. assistance to South Africa, declared the entire program to be "a multimillion-dollar fiasco." And even strong supporters of the program, such as Sens. Nancy Landon Kassebaum (R-Kan.
BUSINESS
May 12, 1994 | From Times Staff and Wire Reports
Sales and employment at the nation's biggest black-owned companies surged in 1993, far outpacing the growth rates of their majority-owned counterparts, Black Enterprise magazine reported. Its ranking of the top companies shows an annual sales gain of 13.9%, down from the 1992 rate of 14.1% but still triple the 4.5% gain achieved by the Fortune 500 industrial companies last year. Total revenue exceeded $10 billion for the first time in the history of the ranking.
NEWS
November 18, 1995 | SARA FRITZ, TIMES STAFF WRITER
Just as South Africa's black majority was on the verge of winning freedom from apartheid last year, the Clinton Administration decided to spend precious U.S. aid funds to provide them something that U.S. officials apparently deemed important: hair care. To that end, the U.S. Agency for International Development gave a $300,000 grant--a generous amount by AID standards--to Soft Sheen Products Inc., a black-owned Chicago company, to teach African American hair care techniques to South Africans.
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