The arena will promote Philadelphia's long-term economic growth and sustainability by generating $1.9 billion in total economic output during construction and $400 million annually once it opens.
Burger King hasn't publicly acknowledged this significant change yet, and its not known how or if the chicken is any different on the new sandwiches.
Starbucks CEO Howard Schultz revealed that they have been working on a very exciting new digital initiative that builds on our existing industry-leading digital platform in innovative ways.
The privately funded redevelopment of Rogers Centre will modernize fan experiences and enhance player facilities.
Lotte Chilsung is expanding its business and adding vegan drink options through partnerships with startups.
The agreement will see the UFC collaborate with Amazon Merch on Demand to launch a new range of merchandise, featuring a host of original designs.
Tata Motors agreed to purchase Ford Motor's production plant for its own auto manufacturing business.
Fanatics set up retail stores at each of the three venues hosting PSG games during the tour, with those locations seeing more than 10,000 customers purchase products during the two fixtures.
Apple is expected to produce less than 1.5 million units of its first mixed reality headset that could enter the market in early 2023
Analyst Ming-Chi Kuo predicts Apple will raise iPhone 14 costs, possibly increasing the base model’s price to nearly $1,000
Fanatics CEO selling stake in Philadelphia 76ers, New Jersey Devils to avoid conflict of interest
Michael Rubin, the CEO of digital sports platform Fanatics, is selling his reported ten percent stake in Harris Blitzer Sports & Entertainment (HBSE), owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.
According to Rubin, with the Fanatics business grown, he has to navigate many obstacles to ensure their new business doesn’t conflict with his responsibilities as Sixers part-owner.
He noted that their trading cards and collectibles business and a soon-to-launch sports betting operation will directly conflict with the ownership rules of sports leagues.
The 49-year-old Rubin last upped his holding in HBSE in September 2020 to become its third-largest shareholder behind managing partners Josh Harris and David Blitzer.
After selling a stake, reportedly between five and ten percent, to private equity company Arctos Sports Partners this month, HBSE was valued at more than US$3 billion.
Fanatics, whose’ valuation hit US$27 billion in March, has established a trading card business and launched its Candy Digital non-fungible token (NFT) venture.
Major acquisitions for Fanatics this year have included lifestyle brand Mitchell & Ness from Juggernaut Capital Partners and trading card giant Topps for US$500 million.