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Strip-Club Business Meetings Are Alive and Well in the Age of #MeToo

Profile The ED Pub

Celebrating a job well done with a group trip to the gentlemen’s club feels about as modern as, well, the term “gentlemen’s club.” But it’s still common enough that at least one company — Under Armour Inc. — had to tell employees to stop expensing visits to strip clubs earlier this year.

Live adult entertainment generates about $6 billion in annual sales, according to WestPark Capital analyst Ishfaque Faruk, with what he calls “consumer-staple type growth” — around 1 percent to 2 percent per year. He follows the industry as part of his coverage of RCI Hospitality Holdings(ticker: RICK), and industry executives have persuaded him business customers are still part of the financial model.

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