- Fashion Fair, once the largest black-owned cosmetics company in the world and a brand developed by Johnson Publishing Co., has been sold to investors that include Chicago business leader Desiree Rogers.
- Rogers and Cheryl Mayberry McKissack, who were Johnson Publishing executives, will be majority owners of Fashion Fair.
- The sale was approved Thursday in U.S. Bankruptcy Court as part of the Chapter 7 liquidation of Johnson Publishing assets.
- The same investors own the Black Opal line of skin-care and beauty products.
Read full article: chicago.suntimes.com