Lisa Price Comments On Carol’s Daughter Bankruptcy Reports: ‘It’s Important To Set The Record Straight’

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May 1, 2014 ‐ By Jazmine Denise Rogers
Lisa Price Comments On Carol's Daughter Bankruptcy Reports

Source: Facebook

Last week we told you that popular cosmetics supplier Carol’s Daughter closed five of their seven store locations through the bankruptcy process. Though CD reps insisted that the filing was not a reflection of the financial health of the company, many still found it odd that the beauty brand would be shutting down most of its stores and laying off so many of its employees. Carol’s Daughter founder Lisa Price recently took to Facebook with a statement regarding the recent reports. Here’s what she had to say:

“For you,

I know you have read the misleading news that has been circulated around the internet during the past week because I have heard from so many of you. Thank you all for your support and concern.

It is important to set the record straight. Carol’s Daughter is still going strong after twenty-one years and the future has never looked brighter. As part of our increased focus on new retail channels, we have decided to close five of our stores. This was portrayed as if we are having some challenges, but nothing could be further from the truth.

Initially, I felt it was inappropriate to toot my own horn, if you will, in the midst of some of our stores closing and the day-to-day work that must be done to continue to ensure our success. However, in this day and age of information speeding ahead of us and becoming fact before it has been verified, fact checked or vetted I fear that inaccurate perception will become my company’s reality in the minds of those I hold so dear, you. My friends, supporters, cheerleaders, fans and second family.

From the days when some of you rang my doorbell looking for Healthy Hair Butter to the day my website crashed because of my first national TV appearance you have always been there for me and you are who I care about. Because of your dedication over the past twenty-one years, I have been able to do amazing things. The nationwide Target launch this past March is an opportunity that very few companies receive. I am proud of that. I am also proud and blessed to have valuable partners, like HSN, Ulta and Sephora inside JC Penney. These partnerships have enabled me to distribute Carol’s Daughter in over 2,500 stores and on direct TV which is far beyond the reach of my living room in Brooklyn.

I am going to live through this bad headline knowing that our brand is as strong as ever…and right now I have to get back to work.”

Longtime supporter Jada Pinkett Smith also took to Facebook to defend the company against recent reports.

“I know you all often see my hair in various ways, but what you see in these pics is my natural hair,” the actress wrote. “I’ve taken care of this mane with CAROL’S DAUGHTER products for over 15 years, specifically…Lisa’s Hair Elixir. With that said, Carol’s Daughter is still going strong, despite some misleading press, so much so you can now find it in Target, on HSN, Ulta and Sephora inside JCPenny. My hair would like to say thank you to Lisa Price of Carol’s Daughter for making products that actually nourish the scalp and hair.”

Thoughts?

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  • cb

    sit down Carol’s Daughter

    • kirasopretty

      Exactly! Lol

  • Ajua

    Her products are not worth it period.

  • http://www.yourtango.com/users/cheekee-baby cheekee baby

    Them prices are too high! If you invest in some of the same raw (Amazon is your friend) ingredients you can get quadruple the product for a fraction of the cost.

  • Gert

    The prices are still too high and the quality has diminished.

  • Coya

    Well that’s good that her company is still thriving. Glad to see black company owners still doing big things. But since her company is doing so great maybe she can come down on those prices…lol #IJS

  • Voice of Reason

    Too little too late in my opinion. I wish her nothing but success though. Hopefully she will again remember the customer base that made her a household name to begin with. But that may be hard seeing as though she is just basically an employee in her own company…