According to the Wall Street Journal, companies affiliated with Carol’s Daughter filed for Chapter 11 bankruptcy protection in connection with the beauty brand’s move to close most of its stores.

The brand’s founder, Lisa Price, created Carol’s Daughter, the popular line of beauty products, including those for hair, skin, hands and fragrances.

The WSJ says:

Court papers show that CD Stores (formerly known as Carol’s Daughter Stores LLC) is 100% owned by parent company Carol’s Daughter Holdings LLC (the parent company didn’t file for bankruptcy). The petition reported assets and debts each in the $1 million to $10 million range.

New court papers were allegedly filed and noted that most Carol’s Daughter stores have been unprofitable since 2010. Before the bankruptcy filing, the company closed all but two of its seven stores and terminated 29 of its 42 employees.

WJF reports that the company hopes to consolidate its operations around its two open stores, in Brooklyn and Harlem.

Several celebrities have supported the 24 year old company, including Will and Jada Pinkett Smith and Jay-Z, who have all provided some sort of financial backing in the past.

Do you think Carol’s Daughter will be able to bounce back? 

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(Photo Source: PR Photos)

10 thoughts on “Say What?! Natural Hair Brand Carol’s Daughter Files Bankruptcy

  1. The quality went way down. I used to use the Hair Milk on my girls. It was fantastic. Now not as good. I cant use the product on myself because it causes me to break out all over. I guess its too oily.

  2. i never understood why it cost so much & why she sold her products at the mall..I’m like what? how about $5.99 or something..sheesh what she think black women want to spend money like that all the time..Hey she ain’t no you’ve got’s bring that price waay down sista. Now that the company is bankrupt how about $2.99 lol Clearance! Too much pride ain’t she ain’t no scientist..natural ingredients..I’m just playing no really $2.99

  3. Zenith on said:

    Sad to hear this. The quality of product has gone down since the early days of CD. I no longer use this line of products, as there are others that one can get for a netter price and quality natural ingredients. I would return as a customer , if the quality returned. I don’t see that happening.

  4. Jiggy5 on said:

    The number of black women wearing wigs far outnumbers those rocking their natural hair, thus the decline in demand for these products. It really is a shame these women are so ashamed of their heritage that they will wear a blonde wig to look more European.
    Holla’ at the Scholar

  5. Hate to hear that. I’ve shopped at the Harlem, and DC stores. The products are a little pricey….but worth it. Excellent products!!

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