RCI Hospitality Sells 49% Stake in Rick's Cabaret Austin to Jonathan Joseph for $1.8 Million

Reuters11-17

RCI Hospitality Sells 49% Stake in Rick's Cabaret Austin to Jonathan Joseph for $1.8 Million

RCI Hospitality Holdings Inc. has entered into a strategic partnership with adult club entrepreneur Jonathan Joseph, majority owner of the Yellow Rose Cabaret and Red Rose Adult Nightclub in Austin, Texas. Through this partnership, a Joseph entity has acquired a 49% minority interest in Rick's Cabaret Austin for $1.8 million in cash. The transaction, which closed on November 14, 2025, aims to strengthen Rick's presence in the Austin market by leveraging Joseph's local management and marketing expertise in coordination with the Yellow and Red Rose clubs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RCI Hospitality Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251114823047) on November 17, 2025, and is solely responsible for the information contained therein.

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