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How DEI destroyed Black-owned brands

Summary by Fast Company
In 2022, Diarrha N’Diaye-Mbaye had achieved a lifelong dream: Ami Colé, her 3-year-old beauty brand, was on the shelves of Sephora. In the wake of George Floyd’s murder in 2020, she’d received a wave of support from venture capitalists and retailers. But by this year, much of that interest had dried up. In mid-July, N’Diaye-Mbaye abruptly announced she would be shuttering her fledgling brand because she could not find enough capital to stay aflo…

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Fast Company broke the news in on Wednesday, August 13, 2025.
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