Race Matters: Koreans Shut Black Entrepreneurs Out Of $9 BILLION Wig And Weave Business

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Categories: For Discussion, For Your Information, Hate It or Love It?!?!, Mo Money, News, Race Matters, SMH

The Asians got the Remy game on lock!

You can’t mention wigs and weaves without eliciting a chorus of snickers from our readers, but the reality is black women wear them, love them and spend big money to own them. The business of hair extensions is a $9 billion dollar industry with black women doing much of the spending and little of the selling.

“Getting hair is a huge hurdle, because the distributors are Korean and most times they will only sell to other Koreans. White said, “I have to buy hair through exchange. It is rough, but if I don’t increase my hair game, I won’t be in business next year. It is a cold business in terms of the hair game.

White has a solution for the current state of the weave business, that reads as a call action to black business owners:

White said Koreans succeed in the industry because they support each other, but the Black community does not. “They (Koreans) have the relationships and work within, we laugh at them when they are living together, then they break through and have four stores in our community. But we won’t help each other out. It is a culture thing.” None of the other Black-owned beauty supply stores work together to pool their resources.

Are Korean distributors unfairly shutting out black business owners? Is the solution for entrepreneurs of color to work together and pool their resources? Discuss…

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