Cosmetics giant Sephora and the Fifteen Percent Pledge are uniting to present $100,000 to a Black business owner in the beauty industry.
Called the Sephora Beauty Grant, the award will come through a partnership between the retailer and the Pledge. It is aimed to help spur growth for a Black entrepreneur and their brand. The business must have annual revenue of at least $100,000 and have been in operation for a minimum of two years. Applications are open now and those interested in applying should review more details, including eligibility and other criteria, here.
With a vast global reach, Sephora sells beauty product at stores and online, including cosmetics and skincare goods. Launched in 2020, the Pledge is a nonprofit organization encouraging retailers to commit at least 15% of their shelf space to Black-owned businesses.
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