After months of calling on St Louis (USA) based Larson Financial Holdings to dump its shares in strip club company RCI Hospitality Holdings, we finally got a response – and it was positive!

Strip club owner linked to years of criminal activity, politicians

RCI Hospitality Holdings (RCIHH or Rick's) is a publicly listed strip club company (NASDAQ trade code: RICK) which trades explicitly on women’s bodies for men’s sexual entertainment. According to its website it owns 58 strip clubs (and 13 'Bombshells' restaurants) across 13 American states.

We were surprised to discover a Lutheran investment firm - Thrivent - was a long time shareholder in Rick's. We led a successful campaign calling on them to divest on account that strip club shares violated their responsible investment claims and commitments.

Dump your strip shares - our call to Thrivent

US-based investment firm Thrivent Financial for Lutherans has quietly sold off nearly 10,000 shares - nearly a million dollars worth - in strip club company RCI Hospitality Holdings (NASDAQ: $RICK) after Collective Shout campaigner and CSR advisor Lyn Swanson Kennedy called on them to divest.