Varsity Brands allows employees owner stake
If the company gains in value, employees could collect 80% of their salaries in the eventual payout, said Bill Seely, Varsity Spirit president.
There are 16 article(s) tagged Varsity Spirit:
If the company gains in value, employees could collect 80% of their salaries in the eventual payout, said Bill Seely, Varsity Spirit president.
Bill Seely will spearhead rallying local and national business leaders to get involved in the St. Jude Memphis Marathon Weekend by becoming sponsors, starting corporate fundraising teams and bringing in new donors.
The apartment complex at 645 N. Front St. is part of the $75 million second phase of the 65-acre mixed-use development. The project was launched in 2016 to turn an abandoned industrial park in Uptown into a thriving neighborhood.
The idea got legs when a cheerleader, working a college internship at Batallure Beauty in New York, saw a need for cosmetics for young athletes. The rest was form and fortitude.
Varsity Brands and Memphis-based Varsity Spirit are among several defendants named in federal lawsuits that accuse multiple cheerleading coaches of a range of misconduct and illicit sexual behavior with minors.
The victim alleges he was sexually abused by a Varsity and USASF-approved choreographer and by coaches at Cheer Extreme gyms in Raleigh and Kernersville. He was a teenager at the time of the alleged abuses.
The alleged survivors listed in the newest suits, one male and two females, are represented by civil rights attorneys Bakari Sellers, Jessica Fickling, and Alexandra Benevento. The plaintiffs join the other seven female and two male accusers listed in the initial suit filed in South Carolina.
The suit claims Varsity and other defendants, including the United States All Star Federation and Premier Athletics, engaged in a conspiracy to cover up abuse.
Despite being hurt by COVID-19, Varsity Spirit announced Wednesday it has signed a lease for 65,000 square feet for its new headquarters at the American Snuff Factory mixed-use development.
Varsity Spirit president Bill Seely confirms his company has restarted discussions about moving its headquarters from the suburbs to Uptown's planned Snuff District.
Despite the pandemic, the development team files for a building permit to put the first 107 apartment units, community center and fitness center in the historic buildings of the Snuff District. But, the documents do not yet mention plans for office space.
An undisclosed number of employees have been furloughed by Memphis-based Varsity Spirit in response to a threatened loss of business from the coronavirus pandemic.
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The Snuff District is the first of four big mixed-use developments around Downtown to recruit a substantial office tenant.
Varsity Spirit has acquired a pair of companies to help expand its band division.
Memphis-based Varsity Spirit has launched a new division centered around NBA and NFL dance and cheer teams.
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