UNITE HERE Local 1 Releases Report Investigating Marcus Corporation Related Party Transactions

MILWAUKEE--(BUSINESS WIRE)--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.