Company News

New Investor at Fashion Fair’s Parent Company

JPMorgan Chase's backing to help

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By: TOM BRANNA

Editor

Johnson Publishing Company, Inc., publisher of Ebony and Jet magazines and owner of Fashion Fair Cosmetics, has announced that JPMorgan Chase’s Special Investments Group (SIG) will become an investor in the company. Terms of the investment were not disclosed.


Linda Johnson Rice, chairman of Johnson Publishing Company, said, “J. P. Morgan Chase’s investment in our firm is a logical outgrowth of our longstanding relationship. It positions Johnson Publishing for continued growth as a family-owned publisher of the Black community’s most-trusted media brands by providing financial resources to take our iconic Ebony and JetT magazines to the next level and accelerate our growth strategy for Fashion Fair Cosmetics.”

“We are grateful for the support of our readers, advertisers and business partners, and we are excited about the future opportunities this investment creates for our company,” Rice added.

Launched in 1973, Fashion Fair Cosmetics is a prestige cosmetics brand for women of color that is currently sold in the US, Canada, the UK, France and the Caribbean.

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