Photos: McKinsey Institute
(Black PR Wire) NEW YORK–(BUSINESS WIRE)– McKinsey & Company’s Consumer practice and the McKinsey Institute for Black Economic Mobility have joined forces with the New Voices Foundation (New Voices) to accelerate the growth of Black-owned brands. Through this collaboration, McKinsey & Company (McKinsey) will provide strategic support to New Voices member businesses (known affectionately as the New Voices Family) via its Next 1B: Scalers program and work directly with the New Voices team to expand and fine tune its operations, capacity and impact.
“Despite increasing demand from consumers and retailers, Black-owned brands face outsized challenges to profitable scaling. And we know that improving the success rate of Black-owned businesses is an essential component of improving economic mobility for communities,” says Tiffany Burns, McKinsey Senior Partner. “We believe, together with New Voices, we can change the odds by working hand-in-hand with…
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