The hair industry is a multi-billion dollar a year industry and about 90 percent of its loyal client base is made up of black women. In spite of this fact, that black women make up such a staggering amount of those that use hair extensions, the business aspect itself is dominated by Asians. For years Koreans have owned and operated the business of supplying hair extensions to black women. Which begs the question, if black women are the primary users of these products, how come black women aren’t directly involved in the business of supplying it to themselves?
Recently, a few black women have decided to make their mark in the hair industry and have started directly sourcing and importing high-end hair extensions from India, Cambodia, Brazil and other countries. These visionary women are intent on turning this into a true “used by us, supplied by us” kind of industry. One of these pioneering women is London Banks, the founder of London’s Luxury Hair Collection. She recently launched a high-end luxury hair extension line that offers top quality, long-lasting Malaysian, Brazilian and Indian hair to women all over.
The company’s mission is “to provide the finest hair extensions available in the world to the discerning customer, focusing on the utmost in care and service possible, all while claiming Royalty as a birthright!” With African Americans having a spending power expected to reach $1.1 Trillion dollars, it’s rather distressing that only 6 cents of each dollar is spent on other black owned businesses. The company also offers distributorship opportunities to business-minded women who would like to venture into this industry but who do not have the capital or the know-how to go source these products overseas by themselves. This way, we can all support one another and financially build up ourselves and our own community. For more information on London’s Luxury Hair Collection Inc., you may visit the website at www.LondonsLuxuryHair.com.
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