UNITE HERE Local 1 today unveiled new research shining a light on potential conflicts of interest at Milwaukee-based hotel and movie theater operator Marcus Corporation (NYSE: MCS).
The new report details the relationship between publicly-traded MCS and privately-held Marcus Investments, including:
- Restaurants owned by Marcus Investments in Milwaukee compete with Marcus Corporation’s restaurants in that same market.
- Marcus Corporation licenses the Zaffiro’s Pizza brand from Marcus Investments for its movie theater concessions, despite Zaffiro’s having no significant presence outside of Marcus Theatres.
- Marcus Corporation has purchased hotel mattresses from a firm owned by Marcus Investments.
- Marcus Corporation provides back-office and other support to Marcus Investments.
Independent MCS shareholders should insist on a policy barring the company from doing business with other firms owned by members of Marcus Corporation’s board of directors and/or executive leadership.
The report can be found at www.unitehere1.org/MarcusReport.
UNITE HERE Local 1 is a labor union that represents 15,000 hospitality workers in Indiana, Illinois, and Wisconsin.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260422010487/en/
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