24/7 Market News: VENU and Aramark Sports + Entertainment Forge Landmark Strategic Partnership
Denver, Colorado--(Newsfile Corp. - June 10, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and information, reports that Venu Holding Corporation (NYSE American: VENU), a national developer and operator of premium live music venues, has announced a landmark strategic partnership with Aramark Sports + Entertainment, a global leader in foodservice and facilities management.
Alison Birdwell, President and CEO of Aramark Sports + Entertainment, stated, "VENU's 'fan-founded' philosophy aligns perfectly with our commitment to creating unforgettable experiences. We are thrilled to support their approach to transforming the live entertainment space and to help bring their groundbreaking vision to life."
Under the new agreement, Aramark will oversee food & beverage concessions, artist and fan retail, and all facility operations including custodial, grounds maintenance, and engineering across VENU's flagship amphitheaters:
Sunset Amphitheater at Broken Arrow (OK) – opening Spring 2026
Sunset Amphitheater at McKinney powered by EIGHT Beer (TX) – opening Summer 2026
Ford Amphitheater in Colorado Springs (CO) – already operating, with expanded services under the deal
The multi-venue deal includes an equity investment in VENU by Aramark, aligning both companies around a long-term vision to enhance the live entertainment experience through world-class service delivery.
J.W. Roth, Founder, Chairman & CEO of VENU, commented, "From the very beginning, we've been searching for a strategic partner who wouldn't just match our energy but exceed every expectation. Aramark brings a proven legacy of industry innovation, sustainable sourcing, chef-driven menus, and elevated premium suite and club service. Our experiences are built around the fan, and Aramark's commitment to excellence makes them the ideal partner to come alongside us in this journey. We couldn't be more excited about what's ahead."
Venu Holding Corporation (NYSE American: VENU)
Strategic Partnerships Fueling VENU's National Growth
Aramark joins an elite group of strategic partners backing VENU's capital-light growth strategy and high-touch consumer model, including:
EIGHT Elite Light Lager, founded by NFL Hall of Famer Troy Aikman, is the official beverage partner of VENU's Texas and Oklahoma venues. The partnership includes exclusive Aikman Clubs offering premium fan experiences.
Ford Motor Company secured naming rights to the Ford Amphitheater in Colorado Springs, a luxury 8,000-seat outdoor venue operated in partnership with AEG Presents, the second-largest promoter in the world.
Sands Investment Group (SIG) is enabling triple-net Luxe FireSuite fractional real estate offerings at VENU venues, with projected 11-12% cap rates targeting income-focused investors.
VENU's 40/40/20 capital model—40% municipal, 40% pre-sale of Luxe FireSuites, 20% sale-leasebacks—allows it to rapidly expand its venue footprint without reliance on dilutive equity. In Q1 2025, the company booked $38.7 million in fractional suite sales and reported a 19% increase in total assets, further validating the model's scalability.
With plans to expand to 16 operating venues and 79,000+ seats by year-end 2026, VENU continues to evolve from a regional venue developer to a national-scale originator of high-performance entertainment infrastructure.
About 24/7 Market News
24/7 Market News (24/7 MN) is a leading market news platform for public companies. As a pioneer in digital media, 24/7 MN is dedicated to the swift distribution of financial market news and information. 24/7 MN takes great pride in creating innovative public relations campaigns that help clients reach the target audience.
24/7 MARKET NEWS, INC DisclaimerPlease go to https://247marketnews.com/venu-disclosure/ for additional 247marketnews.com VENU disclosure or https://www.247marketnews.com/disclaimer/ for disclaimer information. 24/7 MN has been paid by Microcap Strategy for providing ongoing VENU market outreach and other services.
CONTACT:24/7 Market NewsEditor@247marketnews.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to a number of factors, including without limitation, the Company's ability to continue as a going concern, the popularity and/or competitive success of the Company's acquired football and other sports teams, the Company's ability to attract players and staff for acquired clubs, unsuccessful acquisitions or other strategic transactions, the possibility of a decline in the popularity of football or other sports, the Company's ability to expand its fanbase, sponsors and commercial partners, general economic conditions, and other risk factors detailed in the Company's filings with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update such forward-looking statements except in accordance with applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255061
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The Company's performance is monitored and evaluated using various sales and earnings measures that are adjusted to include or exclude amounts from the most directly comparable GAAP measure ('non-GAAP measures'). The Company presents such non-GAAP measures in reporting its financial results to assist in business decision-making and to provide key performance information to senior management. The Company believes that this additional information provided to investors and other external stakeholders will allow them to evaluate the Company's operating results using the same financial measures and metrics used by the Company in evaluating performance. The Company does not, nor does it suggest that investors and other external stakeholders should, consider non-GAAP measures in isolation from, or as a substitute for, financial information prepared in accordance with U.S. GAAP. These non-GAAP measures may not be comparable to similarly titled measures presented by other companies. 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Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions 'Risk Factors' and 'Operating and Financial Review and Prospects' and elsewhere in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025 and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. BIRKS GROUP INC. CONSOLIDATED BALANCE SHEETS (In thousands) As of March 29, 2025 March 30, 2024 Assets Current Assets Cash and cash equivalents $ 1,509 $ 1,783 Accounts receivable and other receivables 6,608 8,455 Inventories 116,277 99,067 Prepaids and other current assets 2,072 2,913 Total current assets 126,466 112,218 Long-term receivables 1,084 1,571 Equity investment in joint venture 5,169 4,122 Property and equipment 25,380 25,717 Operating lease right-of-use asset 34,964 51,753 Intangible assets and other assets 3,017 7,887 Total non-current assets 69,614 91,050 Total assets $ 196,080 $ 203,268 Liabilities and Stockholders' Equity (Deficiency) Current liabilities Bank indebtedness $ 73,630 $ 63,372 Accounts payable 58,114 43,011 Accrued liabilities 6,053 6,112 Current portion of long-term debt 4,860 4,352 Current portion of operating lease liabilities 6,929 6,430 Total current liabilities 149,586 123,277 Long-term debt 21,374 22,587 Long-term portion of operating lease liabilities 38,629 59,881 Other long-term liabilities 4,502 2,672 Total long-term liabilities 64,505 85,140 Stockholders' equity (deficiency): Class A common stock – no par value, unlimited shares authorized, issued and outstanding 11,876,717 (11,447,999 as of March 30, 2024) 42,854 40,725 Class B common stock – no par value, unlimited shares authorized, issued and outstanding 7,717,970 57,755 57,755 Preferred stock – no par value, unlimited shares authorized, none issued — — Additional paid-in capital 19,719 21,825 Accumulated deficit (138,295 ) (125,476 ) Accumulated other comprehensive income (loss) (44 ) 22 Total stockholders' equity (deficiency) (18,011 ) (5,149 ) Total liabilities and stockholders' equity (deficiency) $ 196,080 $ 203,268 Expand
