does shaq own jcpenney and forever 21

[Reebok] is the company that helped, with his athletic prowess, vault him to fame and teach him how to be a businessman.. But the former athlete is also an avid businessman, working behind the scenes on some of the biggest retail deals of 2021. According to various online analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. And if youd like to be like Shaq, complete our 7-minute franchise quiz to be matched with an opportunity thats right for your skillset. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. Does Shaq own JCPenney and Forever 21? Click here to get a new food business case study with revenue numbers delivered each week. 60% of past NBA players file for bankruptcy within five years of retiring, according to a Sports Illustrated research. All of these business and personal endeavors allowed Shaq to accumulate some $400 million up to date. ONeal has owned shares in Authentic Brands Group since 2015. ONeals relationship with Reebok began in 1992, when he inked a multi-year, $15 million contract with the company. Do you think I trust you? And I said, I hope so. He says, Why wouldnt I be partners with you. Former NBA superstar Shaquille ONeal, popularly known as Shaq, is one of those generational talents who hardly comes into the NBA today. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and . Forever 21 is one of several brands owned by Authentic Brands, which is in a 50-50 partnership with Simon called Sparc Group. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. All Rights Reserved. Considering that each Auntie Annes costs about $385,000 to open, ONeal apparently owns seventeen sites, including ones in Michigan and Buffalo, New York. You could find Shaq in movies like Kazaam in addition to video games. Open an Account Today Franchise King At one point, Shaq owned 155 Five Guys restaurants - equivalent to 10% of the company's entire franchise portfolio. based on fast foods, for instance, the Five Guys and the Big Chicken restaurants, while others deal with fashion, fitness, and car washes. has compiled a list of the top 10 football stars with the most expensive car collections. These brands include some in the tech space, others in fitness and lifestyle niches. ONeal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. If youre interested in learning Shaqs story, check out this basketball biography book. JCPenney and Forever 21 are under the Authentic Brands Group together with other retail brands such as Reebok (which Shaq was a former endorser), and Barneys New York. Most of these players take home huge sums as salaries every week, evident by their luxurious lifestyles. Big Diesel owns 150 car washes in multiple locations in the United States of America and has employed quite several people. But getting those points is more complex than it seems. Is Shaquille ONeal the owner of Papa Johns Pizza? The fast-food restaurant chain was founded in 1988 as a family business selling baked pretzels. Sparc can also license Aeropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica, and it recently became the core licensee and operating partner for Reebok in the U.S. More on this: Soft pretzels that are freshly baked and sensually aromatic are Auntie Annes specialty. You dont have to own a business to be a CEO, being a CEO is a mentality. We bring people together, change perceptions, and inspire actions that impact culture for good. In the case of Reebok, hewas adamant that the company make a competitive offer to acquire the footwear label from Adidas. analysts, SportsBrief has compiled a list of the top 10 companies owned by Shaq as of 2023. (Cost + Fees). Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. During his days on the court, he was known for his magnificent and exceptional skills and was regarded as one of the best basketball players ever. The legendary basketball player owns a restaurant named Shaquille in Las Vegas with a menu of shrimp scampi, fillet mignon, and chocolate cake, among other dishes. ONeal also became the "big and tall style ambassador" for JCPenney in 2018, appearing in multiple advertising campaigns. O'Neal's many years of investing have really paid off. Shaq built a commercial empire since his professional basketball career was over, making money from both his own unique initiatives and other corporate endeavors. Over the years, the 49-year-old has garnered endorsement deals from brands such as The General, Gold Bond, Icy Hot and Buick, just to name a few. .@SHAQ is a business legend. Other companies and brands that Shaq has invested in include; Malika Andrews' height, sister, age, career, salary, net worth, is she dating? In recent years, ONeal has vocalized his desire to purchase Reebok through his partnership with ABG. Second, what he has done on the court is magnified a gazillion times because he has such a jovial, childlike personality. Want to read more articles like this one? With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the. Me! Does Shaq own Elvis Presley? 2023 Fairchild Publishing, LLC. In interviews, Shaq has said that his mother emphasized education and having a safety net. What companies does Shaq own, and whats his secret to becoming richer than ever? ONeal acquired the fabled Krispy Kreme shop at 295 Ponce de Leon Avenue in Atlanta in late 2016. Although he told CNBC that he has since sold his stake, he did admit that the burger business had been "very good" to him. Are these franchises only Shaqs business interests? [ONeal] says, You know all that money youre going to give me? Shaq does in fact own a certain percentage of Elvis' trademark royalties, but it's not clear how much Credit: Getty. Most of these players take home huge sums as salaries every week, evident by their luxurious lifestyles. Pretzel dogs, pretzel bits, and beverages are also offered by this chain thats often found in US malls. The renowned entrepreneur has also ventured into the entertainment industry, appearing in numerous films and television shows. By subscribing, I agree to the Terms of Use and Privacy Policy. Taking a page from Warren Buffetts book, Shaq also wouldnt invest in cryptocurrency because he said he didnt understand it.. Well delve deeper into Shaqs business operations and what he does on a daily basis. Who owns Forever 21? Through Christie Street, the crowdsourcing platform for Doorbot, more than the $250,000 intended was raised$364,000. READ ALSO: Top 10 football stars with the most expensive car collections. Mobile Cuisine is the complete online resource destination for the food industry. (Video) Shaq joins Papa John's! ONeal has investments with Apple and Google, which is odd because the two are rivals in the technology space. Sacramento Kings is a Sacramento, California-based American basketball franchise. After all, he turned down a deal with Starbucks since he felt black people couldnt relate to it. With the new move-in in February 2021, Brookfield, Simon, and ABG became the new ownership group of famous stores forever 21. Did you find this post helpful? Since 2013, Shaq has owned a minor portion of the Sacramento Kings. Shaq is the majority owner of the restaurant that was founded in 2018. ONeal has owned shares in ABG since 2015, when the company bought the rights to his name brand. ONeals wide-ranging portfolio has led him to amass an impressive net worth of $400 million.-. But, he is the second highest shareholder of the Authentic Brands Group, one of the companies behind the acquisition of retailers such as Reebok, Forever 21, Barneys New York, and JCPenney. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. While he does not currently own JCPenney or Forever 21, he does have a number of successful business ventures and investments. ONeal stated in front of more than 3,000 franchise professionals at the International Franchise Associations 2022 Annual Convention that he wanted to succeed in business instead of becoming one of the 60% of NBA players who go broke after leaving the game.. Big Diesel owns numerous companies and brands, and his business portfolio indicates he is a financial genius. At Dataromas, we let you explore the latest portfolios of super investors, their net worth, and much more from all around the globe. Required fields are marked *. According to the facts, Shaq owns 50 distinct brands, which he also revealed himself. "I make investments, not for the monetary reasons, but if it's going to change people's lives and if I see people enjoy doing it.". Shaq acquired 155 Five Guys restaurants, but eventually sold off the assets. The star reportedly takes in around $60 million per year from endorsements and his various business endeavors, although the exact percentage breakdown split by each of the aforementioned businesses that he's invested in hasn't ever been disclosed. You need to explain that to me. He says, Im doing a deal with you to sell you 50% of everything I have going on for the rest of my life. Neighbors is an app that allows users to share video footage with each other online in a social setting. Heres a list of other investments Shaq has made through the years. You Might Like: How Much Does a Jamba Juice Cost to Open? Across his investment portfolios, Shaq has built generational wealth and inspires others to do the same. With Reebok now under the ABG umbrella, ONeal is a partial owner of Reebok, along with the other brands in the ABG portfolio of more than 30 brands, including Juicy Couture, Brooks Brothers, and Barneys New York. Here are a few businesses Shaq has a stake in. Although the father of five and stepfather of one did not clarify what percentage of these brands he owned or whether he'd bought outright, he went on to explain that owning brands is his main business. JCPenney has significant Fine Jewelry segments, The Salon by InStyle, and Sephora within it, as well as offering customary items. The Hall of Famer added that although he could've easily sold his brand and likeness that he worked so hard to build, that would give investors the right to do as they please and potentially push him to the background. Shaq does not own JCPenney or Forever 21. ONeal also noted that his net worth quadrupled ever since he kept the wise words of the Amazon CEO. That said, Shaq does not own JCPenney. Whether its through investments, or just making sure theyre getting the best deals on everything they buy, I want to help as many people as possible grow their wealth. Nobody:@SHAQ :Who Owns Marilyn Monroe?? According to Jamie Salter, ONeal reportedly told him: The two businessmen invested in each other, a gamble that has thus far paid off. O'Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok. Since investing in Authentic Brands Group, ONeal has had a say in many investments. O'Neal has owned shares in ABG since 2015, when he sold the rights to his name brand to the company. Who owns JCPenney and Forever 21? Shaq is a former National Basketball Association star, current television basketball analyst, and a successful businessman. Who owns Marilyn Monroe, the former basketball star asked the two hosts. Siminoff received a proposal from possible investor Kevin OLeary, but Siminoff turned it down. ONeal has 155 Five Guys franchises to his name, not to mention Big Chicken, Krispy Kreme, Papa Johns, and Auntie Annies. 14:45 (UTC), 7 July 2021 Investors will be able to own a piece of Shaq, Elvis and Marilyn, along with a clutch of well-known apparel and lifestyle brands, after brand licensing business Authentic Brands Group (ABG) filed to list its shares on the NYSE. But has doing so helped Shaq's net worth? So, I called the three companies [seemingly Authentic brand group, Simon property group, and Brookfield property partners] that helped people live forever, and they bought my brand for a lot of money. Really grateful for the opportunity to interview him and write this story.My latest for @FOS https://t.co/Ni5TyidWLY, "One day I had the children and my boys said, 'Dad, take us to the Staples Center!'" Despite the undeniable success of his ventures, Shaq did not ever stop building his personal brand and expanding his reach. ' related Salter. Shaq belongs to this elite group of multi-million NBA players. Me!" Although Shaq has invested in other fast food restaurants, Big Chicken is a brand that has partnered with big companies like the RS Hospitality and the Authentic Brands Group. ! wrote one Instagram user. So, when I was retiring, Im looking around, Im like How does Michael Jackson and all these guys live forever? So, one of the chapters in the book, joint venture-ship. So it really is something super special.. Some may catch you by surprise because they are entirely out of his comfort zone. Since then, the company has grown to include over 1,500 stores in both domestic and foreign markets. The four-time former NBA champion is among. Thats right. NBA legend Shaquille O'Neal recently blew the internet away with a small sneak peek of his extensive financial portfolio. Today, he still appears in certain films and TV series either as an actor or doing a cameo appearance. The brand offers over 60 products, including suits, shirts and other clothing accessories. See a trend here? How does Michael Jackson and all these guys live forever?" . During his time at ABG, ONeal has played a role in many investments. After Shaqs highly-successful playing career, he turned into other business ventures and effectively built quite a portfolio for himself. However, being the face of brands isnt the only thing Shaq has done in his career because whats a businessman if you dont own a few businesses. Please fill out this field with valid email address. Does Shaquille O'Neal own JCPenney? Shaq owns Forever 21, JCPenney, Elvis Presley, Marilyn Monroe, and others. Of course who could forget his timeless rap album titled Shaq Diesel? This happened immediately following the contentious disclosure of their former CEO. On Thursday, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York and J.C. Penney, entered into an agreement to buy the Reebok brand from Adidas. Should You Work With a Franchise Broker? if it's going to change people's lives and if I see people enjoy doing it." Who owns JCPenney? Footwear News is a part of Penske Media Corporation. Allegedly, it is reported that the star takes home around $60 million annually from his endorsements, deals, and various investments. What Companies Does Unilever Own In 2023 DATAROMA, What Companies Does Dodge Own In 2023 DATAROMA, Bill Gates Portfolio 2023 Stock Holdings- DATAROMA, Dexcom Stock Split in 2023 [What You Should Know]. Shaqs net worth in 2021 is estimated to be as high as $400 million, according to AfroTech. and added it to the long list of his assets. Worth It? But did you know that Shaq has evolved into successful entrepreneur post NBA? John Schnatter established the company in 1984. ), The Hall of Famer said he couldve easily sold his brand and likeness he worked so hard to build, but that would give investors the right to do as they please and potentially push him to the background. Now, with the news of the brands sale to Authentic Brands Group (ABG), the former NBA athlete is one step closer to that dream. As of 2023, the multinational company has over 540 outlets. So, in summary, what companies do Shaq own? He is also known for his business acumen and success as an entrepreneur. The company is owned by Shaq through the Authentic Brand Group and deals with high-end latest fashion designs, accessories, and beauty products. The Uncle Jerome is a chicken sandwich with lettuce, mayo, and pickles that are themed after Nashville and are perfect for people who prefer their sandwiches to be a little bit hotter. Hoops Addict was created to help basketball fans of all ages learn more about the sport and find the best basketball gear to improve their ability to hoop. How much is Shaquille ONeals net worth? Thats not only because of his impressive basketball resume; he also has this bigger-than-life quirky personality. Related Shaq is also heavily involved with the pizza chain Papa Johns. However, ONeal has also become a renowned businessman with multiple successful investments. Reebok Reimagines Beloved Classic Leather Trail with Help from Los Angeles Streetwear Brand Pleasures Being that Im partners with [Jamie] the brand master and reviver, the guy who works magic I told him, I think you should get Reebok, ONeal told FN. That reveals a careful side of him. And like Shaq the player, good luck stopping Shaq, the business mogul. He patterned with several brands, including Pepsi and Reebok, and invested in a broader range of assets. The legendary basketball player was a founding partner of Majority, an advertising firm with a diverse clientele that utilizes a diversity led talent model. ABG did not have an update regarding which company will license footwear and apparel for Reebok, though Woodhouse said there was definite interest. "I put money back in the company, and now I own all those other brands, so if Shaq ever goes away, sh-t, we still got Elvis," he said. Watch this video ( at the 37:46 mark ), as he talks about the fact he owns JC Penney and Forever 21. O'Neal owns the Big Chicken brand, which he founded in 2018, and has ten locations shipping across the United States of America. This campaign led to the development of his clothing line with JCPenney called Shaquille ONeal XLG. The line launched in 2018 as a menswear brand for big and tall men. (The Good and Bad). Me!. NBA legend Shaquille O'Neal may be most well-known for his NBA career and his gig as an Analyst for "Inside the NBA" on TNT. Yes, he does. one Krispy Kreme ONeal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok. FOREVER 21 which is owned by Shaq is a leader in the fashion business, bringing the latest trends to everyone while inspiring individual style and confidence. "So, when I was retiring, I'm looking around, I'm like 'How does Michael Jackson and all these guys live forever?' This investment makes ONeal second in command regarding ownership of the brands mentioned above. Speaking to Front Office Sports, O'Neal explained that money is not his main motivation when it comes to making investments. However, O'Neal has also become a renowned businessman with multiple. What companies does Shaq own? The COVID-19 pandemic sealed JCPenney's fate. Alright, thats a bit of a low blow, but I had to go there. Shaq owns part of The General, Gold Bond, Icy Hot, Buick, Marilyn Monroe, Elvis Presley, Forever 21, JCPenney, Auntie Annie's Pretzels. Does Shaquille O'Neal own JCPenney, Forever 21, and Elvis Presley . 2023 Fairchild Publishing, LLC. Forever 21 is a mogul in the fashion industry, with its headquarters in the United States of America. His commercials for dozens of companies make him one of the most recognizable celebrities on TV. Though not comparable to his food franchises, the 4x NBA champ has also dabbled in fitness centers. Shaq is said to own 155 Five Guys Burgers restaurants, 40 24-hour fitness centers, 17 Auntie Annies Pretzels restaurants, 150 carwashes, several nightclubs in Las Vegas, a shopping center, and a movie theatre. We'll answer this question and provide an overview of Shaq's other investments, such as his ownership stake in Walmart, Krispy Kreme, JC Penney, Forever 21 and Papa John's. Nevertheless, even though he is connected to many brands either as an owner or endorser, he chooses his sponsors carefully. like our other basketball FAQ articles here, What are Different Types of Shooting in Basketball. Although Shaq has invested in a number of businesses, he does not currently own any of the major retail brands. JCPenney is an American department store chain with over 1,000 locations in the United States and Puerto Rico. According to ONeal himself, he owns 50 different brands. He is presently involved in several food franchises likeKrispy Kreme, Papa Johns, and Auntie Annes Pretzels. Heres a graphical representation of the franchised businesses Shaq has owned at some point: Shaqs other business interests include the following companies: JCPenney and Forever 21 are included in Shaqs list of business interests.

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