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Companies affiliated with beauty brand Carol’s Daughter filed for Chapter 11 bankruptcy protection Thursday.

According to court documents, Carol’s Daughter Stores LLC, filed a Chapter 11 petition with the Manhattan bankruptcy court. Court papers show that CD reported assets and debts each in the $1 million to $10 million range, was signed by Carol’s Daughter Chief Financial Officer John D. Elmer.

Carol’s Daughter is one of the first companies to cater to the natural hair community. It was founded in 1993 by Lisa Price, as she started mixing natural hair concoctions by  hand. In recent years, celebrities such as Will Smith, Jada Pinkett Smith and Jay Z have promoted the natural hair-line.

Currently, CD products can be purchased online, as well as in major retailers like Sephora and Target.

Last year, Reuters reported that Carol’s Daughter was exploring a sale.

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  • CeCe

    Wow, this is so sad, but I’m not surprised. CD used to have some great products; I loved Price’s organic bath and body line. Unfortunately, Price, deviated from what made her company so great.

    First, she made the mistake of discontinuing some great products. Then she changed the formulas in several popular items. Shortly, thereafter, the entire face of CD changed, in the beginning it was about organic ingredients for skin and hair geared towards black women, and then…we all know what happened then.

    Anyway, I’m hope that she goes back to her roots. I miss her original body butters and body washes.

  • Gotitbutsmh

    Wow really, what a freakin bummer.

  • WisdomSeed

    Wow, this thread is such a turn on. Black women talking about natural hair, business, economics, marketing, finance. I am going to have a boner all day!

  • honeybeemee

    Going BIG does not always mean greater success…the smarter thing for Carol’s Daughter to do would have been, imo, is to have stayed small…I can imagine it is easier said than done, but I have my own women’s accessories line, and I degreed fashion and visual merchanding, so I have studied big conglomerate vs. small intimate establishment business and sometimes being small is just “better”…..I pray that the company can re-establish itself and find out the best, most profitable solution…

  • Plummie

    I remember when I started using her products back in 2008. I ordered the Hair Milk products online and it was cheaper, and way better quality. I just ordered her Monoi products off HSN and she is literally giving her product away. I got the repairing conditioner and shampoo for about $25 and we all know it cost way more in the store (liquidating her product maybe). I was so happy when I was able to go to Macy’s to get her stuff, now I just keep it moving. I totally agree that the ladies at Macy’s are NOT knowledgeable about the products at all, and sad to say I live in the Chicagoland area….and the black women working at the counter don’t even use the product. BIG SIGN. I bought Shea moisture at Walgreens about a week ago and love it so I will continue using that. Mixed chicks….I am a black woman and mixed as well, and that name even turned me off so that’s why I never used it, plus it’s way too expensive. They got the product locked up behind counters in beauty supply stores out here so that’s a big turn off too. I’m bout to get me a jar of hair food like my mama did and keep it moving! :-)

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