Essence Ventures acquires Essence Magazine

AMITYVILLE, N.Y. — Essence Ventures LLC, a new company formed by Richelieu Dennis, founder haircare and skin-care company Sundial Brands, is buying the multi-platform media company Essence Communications Inc. from Time Inc. which includes Essence magazine. Essence president Michelle Ebanks will continue to run the company and will also join its board of directors. In addition, the