Mega pimp RCI Hospitality Holdings faces venue shutdowns for prostitution crimes
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.
Read moreWIN! Thrivent divests from strip club shares
US-based investment firm Thrivent Financial for Lutherans has quietly sold off over one million dollars in shares in strip club company RCI Hospitality Holdings (RCIHH) after Collective Shout called on them to divest.
We were surprised when we discovered Thrivent - a company with particular appeal to faith-based and ethically motivated investors - was propping up and profiting from the sale of women’s bodies as men’s sexual entertainment.
Over the weekend it was reported that Thrivent divested in all remaining shares for RCIHH. This is a massive victory for our movement!
Read moreSex abuse survivor condemns Lutheran company’s strip club investments and shuts daughter’s account
“Imagine my shock when I discovered my own ten-year-old daughter was unknowingly profiting from the sexual degradation of other women”
By Sarah St. Onge
Read moreThrivent attempts to hush strip club critics
It's time to come clean
When I first heard that Thrivent Financial for Lutherans reportedly owned shares in strip clubs I knew I had to call them out. This company, with particular appeal to faith-based and ethically motivated investors - was propping up and profiting from the sale of women’s bodies as men’s sexual entertainment.
Read more'Lutheran' investor props up strip clubs
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.
Read more