It has come to light recently that Shaq owns a number of different businesses. The list includes Auntie Anne’s, Five Guys and Papa John’s. During his time with the Cleveland Cavaliers, Shaq also made a number of acquisitions, including a deal to purchase Forest Road, an office building in downtown Cleveland.
Papa John’s Pizza
Papa John’s is a pizza delivery company that operates in more than 4,700 locations worldwide. It was founded in 1984 by John Schnatter. The chain has paid more than $5 million in legal fees and advisory fees as a result of the controversy surrounding Schnatter’s use of a racial slur during a conference call.
Former NBA star Shaquille O’Neal has invested in nine Papa John’s Pizza restaurants in Atlanta. He also has a stake in the Krispy Kreme franchise.
Amid a scandal that erupted over racial slurs made during a conference call, former CEO and founder of Papa John’s John Schnatter resigned as chairman. In July, he agreed to a settlement with the pizza company. But now, the brand’s board has a new face.
Shaq O’Neal is a sports superstar who has ventured into the business world. He owns several businesses, which include franchises, health and wellness companies, and a strip mall. Among his most lucrative business ventures are car washes, nightclubs, and fitness centers. In the last few years, he has invested in an insurance company and a content streaming platform.
One of the biggest franchises that Shaq owns is Five Guys. Five Guys is an American fast casual restaurant chain that serves burgers, French fries, and beverages. The chain began as a small family-run business in 1986. Today, it has grown to more than 1,500 restaurants in the United States and abroad.
Another one of his franchises is Papa John’s. Shaq owns nine branches of the pizza chain. Shaq is a brand ambassador for the company, which means that he uses his voice and likeness on the labels of the company’s products.
Auntie Anne’s is a chain of American franchised pretzel restaurants. They are found in malls, Walmarts, airports and universities, among others. Among their other products are a variety of frozen snacks. In fact, the company’s frozen pretzel line is one of their most popular, and they are expanding rapidly. Its newest offerings include a series of “pretzel pocket sandwiches” that can be eaten in the store, toasted in the toaster or microwaved.
One of the things that makes Auntie Anne’s different from other food franchises is its unique approach to marketing. The company has a website, a blog and social media presence. There are two Twitter accounts, and you can even see videos of the company’s pretzels and other grub in the mall, via TikTok.
Forest Road Acquisition
Shaquille O’Neal has invested in Forest Road Acquisition Corp. This SPAC, founded by former Walt Disney executives, will focus on media and technology deals. The team will hunt for companies with great management, a platform for organic growth, and strong barriers to entry.
As one of the eight members of the group’s strategic-advisory committee, Shaquille O’Neal is likely an investor. Listed on the SPAC’s registration statement is his name and his role as an advisor.
The former NBA star also owns a minority stake in the Sacramento Kings. He has a slew of other investments, including Krispy Kreme, Big Chicken, Auntie Anne’s, Papa John’s, and Fast Food restaurants.
Former Disney executives Kevin Mayer, Thomas Staggs, and Omid Farhang serve on the leadership team. They are joining forces with Shaquille to create a new media company.
Beachbody & Myx Fitness merger
The Beachbody Company, MYX Fitness, and Forest Road Acquisition Corporation (FRA) today announced that they have reached a three-way merger agreement. These companies will combine to create a leading subscription health and fitness company. This new company will trade on the New York Stock Exchange under the ticker symbol “BODY.”
Beachbody’s parent company, Beachbody Company Group LLC, will combine with Forest Road Acquisition Corp., a special purpose acquisition corporation. The combined company is expected to report $420 million in net gains in fiscal 2020. Its shares are currently valued at nearly $3 billion. As part of the transaction, Forest Road shareholders will own a small 8.8% stake in the new company.
Beachbody is at the center of consumer health and wellness. It has a broad, highly-engaged customer base and is known for its innovative content, including digital fitness subscriptions and nutritional meal plans.