Carol’s Daughter Has Filed For Chapter 11 Bankruptcy And Why I’m Not Worried

Carols Daugher closing its stores

The news of companies affiliated with Carol’s Daughter filing for bankruptcy has been burning a trail through the hair world. Without being too technical Chapter 11 bankruptcy simply means that the company is taking some time to look at their financials without debtors beating down their doors and will reorganize in an effort to remain in business or close all together. Carol’s Daughter has closed five of its seven stores and also they have let go of quite a few employees during this time.

I was very sad when I saw this but only because bankruptcy has thick air of negativity to it and it creates negative media attention. I should know better thought because I have worked in the financial industry for a long time and I have seen quite a few companies go under but never actually disappear after filing chapter 11.

They come back either with a new name, under new management or just starting from scratch again. With that said chapter 11 is not the be all and end all, it can be, if that is what the company decides, but it also can allow a company to reassess some things that need to be looked at critically.

We have followed Lisa’s journey for a long time, she is always positive always talking about her family and has been pretty open on social media about her life and business, not to mention she works extremely hard on her brand.

Her products have come under scrutiny sometimes though, either because they are too expensive or just not as accessible as you would want them to be, but we really have not heard much negativity about the quality which is a great thing.

As a product manufacturer you know that if you use high quality ingredients you of course have to pay a lot to create them, that cost is then passed to the customer who can either decide if they can afford it or they cant. It really is that simple, so personally I do not have a problem with the prices as long as I am getting a quality product that lasts.


Bankruptcy always breeds speculation and some blogs are calling her business a failure claiming that she was not diverse enough, in other words she didn’t get women who are dark enough to endorse the products and the hair types were not kinky enough. Lisa was accused of having ads that were too European and maybe that is what partly contributed to her ‘failure’.

*News Flash* we aren’t all that fickle, if Alek Wek woke up this morning and said “Hey world, I used Mimosa Honey on my TWA and I love it’  it doesn’t mean I am going to run to the nearest Carol’s Daughter store and buy up a bunch of them even though I like Alek.

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About Petra


Hi I'm Petra Lomax , a staff writer and editor for BlackHairInformation.com . I am Jamaican born and raised and moved to the United States in my early 20's. I have a BA in Political Science and International relations as well as an MBA and a Masters In Project Management. I love travel, culture and anything that has to do with creative media and business.

About Petra


Hi I'm Petra Lomax , a staff writer and editor for BlackHairInformation.com . I am Jamaican born and raised and moved to the United States in my early 20's. I have a BA in Political Science and International relations as well as an MBA and a Masters In Project Management. I love travel, culture and anything that has to do with creative media and business.

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Comments

  1. lia

    I always thought that their products were too expensive and targeted to mixed ethnicity women so i don’t buy them. Cant say I’m surprised

  2. Sherry Miles
    Sherry Miles

    I’ve tried quite a few of Lisa’s products and even though I liked them, nothing I tried was a diehard product except the Mimosa Hair Honey. I need that in my life. I wish her and her company well!

    1. Joya

      Good for you for noticing that she no longer owns the company!

  3. Clemer Holmes
    Clemer Holmes

    A lot of businesses go thru changes, they downsize regroup and keep a stepping, she will do likewise.

  4. Shawna

    I bought a few things from Carol’s Daughter when I first started my transitioning journey mostly because I was too afraid to go into the drug store or Sally’s to look and see what my options were. I purchased the transitioning kit, the monoi starters kit, the healthy hair butter (which I don’t think they make any more) and I received the olive oil infusion kit for free. I really like the transitioning kit because it just makes it incredibly easy to care for all the needs of transitioning hair. The monoi kit is fine and its nice because it prevents breakage. I wasn’t as big of a fan of the healthy hair butter because it doesn’t do as well holding curls as I would have liked (that also might have been because my hair was also very straight at the time). And I really like the olive oil infusion kit (even though it did come to be in a busted package). I would consider buying other Carol’s Daughter products but I agree that the prices should come down and that whole membership thing shouldn’t cost you money either. Especially since the discounts aren’t all that great to begin with.

  5. Tashie Githiaka
    Tashie Githiaka

    I’d like to try also but too pricey for me. I don’t think hair products should be so expensive. Lower prices will create more revenue

  6. Alexis VincentmartinWife Flowers
    Alexis VincentmartinWife Flowers

    SUCKS Carols Daughter HAS SOME GOOD PRODUCTS BUT SHE REALLY NEED TO LOWER THOSE PRICES OF HER’S IS JUS TO HIGH IN THIS DAY IN AGE PEOPLE CAN’T AFFORD WHAT SHE’S ASKING FOR WEN IT COMES TO HER PERDUCTS THE ECONOMY REALLY SUCKS RIGHT NOW BY BRINGING THOSE PRICES DOWN MORE MONEY n PEOPLE WILL COME HER WAY THEN HER BUSINESS WILL PIC BACK UP n SHE WILL BACK IN BUSINESS…SHE REALLY NEED TO STAY AROUND WE NEED MORE BLACK BUSINESSES n BUSINESS PEOPLE SO I PRAY SHE STAYS n DON’T BECOME JUS A MEMORY…… SHE HAS GOOD PRIDUCTS VERY NICE DON’T WANT TO LOSE HER HOPE SHE TAKES R ADVICE n SLASH THOSE HIGH PRICES..!!!

  7. Lynn

    I was actually going to try Carol’s Daughter products a couple of years ago till I found out there’s corn oil in it. For the price of those products I refuse to use something with corn in it. There’s enough corn in the food products we eat I don’t need in my hair.

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