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Magic Johnson Enterprises is an investment company founded by Basketball Hall of Famer and entrepreneur Magic Johnson. [1] The company was founded in 1987 and is based in Beverly Hills, California . Magic Johnson Enterprises formerly owned Magic Johnson Theatres and 24-Hour Fitness /Magic Johnson Sport health clubs.
Johnson ended up building 105 locations, and his numbers were good enough that in 2010, after a 12-year partnership, Starbucks acquired the other half of the business from Magic Johnson ...
Basketball Hall-of-Famer Earvin "Magic" Johnson has sold his 50% stake in more than 100 urban Starbucks (SBUX) stores back to the company, Starbucks said Thursday. The news comes only three days ...
When Magic Johnson wanted to move from basketball to business, he picked up the phone and started cold-calling 20 people he wanted to meet. The vital lesson Magic Johnson taught Starbucks CEO ...
The Magic Theatres Cap Center 12 in Largo, Maryland is still open and operated by AMC Theatres. The Cap Center 12 was the first multiplex opened that was not a partnership with Magic Johnson. Loews Cineplex Entertainment had used the Magic Theatres name only to brand the location.
Former professional basketball player Magic Johnson, through Johnson Development Corporation, was one of the owners of the parent company. [17] Former talk show host Montel Williams co-owns several Fatburger restaurants in Colorado. [18]
Johnson has also made money from past investments including a movie theater chain that he sold to Loews in 2004 and about 100 Starbucks locations he sold back to the company in 2010.
The label, initially called Magic 32 Records, was renamed Magic Johnson Music when Johnson signed a joint venture with MCA in 2000. Magic Johnson Music signed R&B artist Avant as its first act. [ 225 ] [ 226 ] Johnson also co-promoted Janet Jackson 's Velvet Rope Tour through his company Magicworks. [ 227 ]