Revlon spent 15 years unsuccessfully trying to enter the Nigerian market
Sharon Chuter · How I Built Resilience: Live with Sharon Chuter · Jul 9, 2020 · at 5:41
UOMA Beauty founder Sharon Chuter describes getting her start in cosmetics by helping Revlon enter the Nigerian market.
0:00 / 0:03exact quote · 3.0s
720p mp4 · rendered on demand · StarZero watermark
“And they'd been trying to come into the country for 15 years and they couldn't.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Sharon Chuter
Skin bleaching products are the largest skincare category in Africa
“The biggest skincare product in Africa is skin bleaching products.”
Black women receive just 0.0006% of venture funding dollars in the US
“When you go and set up a business, 0.0006% of funding dollars goes to black women.”
White men average $2.2M to start businesses versus $42K for Black women
“Meanwhile, the average white male gets 2.2 million dollars to set up a business. The average amount of money given to a black woman is 42,000 dollars.”
Inclusive beauty brands still use identical formulas for different skin types
“What your skin needs is completely different to what my skin needs. Yet every brand, even the ones who are claiming to be inclusive, will create the same product for everybody, but the needs are completely different.”
Infusing SPF into makeup degrades product performance on dark skin
“Once you infuse SPF into a product, it becomes very hard to perform on dark skin because it's a white base. That's why they only make the light shades because, you know, once you put in SPF, it changes the base whites.”
Black representation is 8% in corporate America and 3.2% in leadership
“Right now in America, the black adult population is just over 13%.
The black participation in corporate America is eight percent.
In leadership roles, it goes to 3.2%.
There are 615 billionaires in the country, only six of them are Black.”