Lisa Price
Despite filing bankruptcy earlier this year and reports surfacing that Carol’s Daughter was going through major financial problems, business owner Lisa Price quickly put the rumors to rest and let it be known that her beauty line was doing just fine.
“It’s important to set the record straight,” Price wrote in a letter on her Facebook page. “Carol’s Daughter is still going strong after twenty-one years and the future has never look 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’re having some challenges, but nothing could be further from the truth.”
With celebrity investments in her million dollar company including Will Smith and Jada Pinkett-Smith, Mary J. Blige and Jay Z, we’re sure these rumors of trouble in business paradise are false.