The Green Bay Packers are a standout team in the National Football League with an ownership structure that differs from the rest. Unlike the other 31 NFL teams, the Packers are the only publicly owned team in the league. This unique ownership model resembles that of a publicly traded company, with stockholders holding ownership stakes
Business
When Jerry Jones acquired the Dallas Cowboys for $150 million in 1989, he inherited a struggling franchise that was losing $1 million a month. The team faced the challenge of filling empty seats and suites at Texas Stadium. Jones, an oilman who had borrowed heavily to purchase the team, wasted no time in implementing strategic
Corporate giant Molson Coors has recently announced a significant shift in its diversity, equity, and inclusion policies. In an internal memo obtained by CNBC, the company revealed its decision to eliminate supplier diversity quotas, citing them as complex and influenced by external factors beyond its control. While Molson Coors maintains its commitment to ensuring suppliers
Steph Curry, known for his incredible skills on the basketball court, is already looking ahead to his post-playing career. In a recent interview with CNBC, the 10-time NBA All-Star discussed his growing list of business ventures. Aside from his successful basketball career, Curry has also founded a media company, Unanimous Media, and a youth golf
The year 2024 has seen a significant increase in restaurant bankruptcy filings, with at least 10 notable chains seeking Chapter 11 protection. This surge in bankruptcies echoes a broader rise in corporate insolvencies across various sectors. The current economic landscape has been challenging for businesses, as factors such as reduced consumer spending, escalating labor costs,
The landscape of cannabis consumption has undergone a significant transformation in New York, particularly in one of the most prestigious shopping districts – Fifth Avenue. While Cartier and Saks have long been established names in luxury shopping on this iconic street, a new player has emerged – a dispensary offering New York state-grown marijuana products.
In a recent development, the Food and Drug Administration has given authorization for Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This decision opens up the opportunity for Novavax’s vaccine to enter the market and compete with the already established vaccines from Pfizer and Moderna during the fall and
Best Buy recently announced that it has raised its fiscal-year profit guidance, following better than expected earnings and revenue figures for the most recent quarter. The retailer now expects adjusted earnings per share to fall within the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This
The toy industry faced a challenging period in the first half of 2024 due to an inflation-fueled sales slump. However, amidst this turmoil, one company stood out by gaining market share brick by brick. Lego, the Danish toymaker, reported a 13% increase in revenue during the first six months of the year, amounting to 31
The number of individuals worldwide holding more than $1 million in crypto assets has skyrocketed, increasing by 95% over the past year, according to a recent report by New World Wealth and Henley & Partners. This surge in the population of crypto millionaires can be attributed to the remarkable growth of bitcoin exchange-traded funds and