Magic Johnson's Business Ventures

The NBA legend is now the part-owner of a baseball team.

Urban Coffee Opportunities/Starbucks - Johnson divested his interest in Starbucks, selling 105 of the franchises to the company in 2010. This venture was launched in 1998 and combined the retail strength of Starbucks with MJE’s knowledge of underserved communities in key metropolitan areas to bring Starbucks coffee houses to inner city areas.(Photo: Courtesy of Starbucks)
T.G.I. Friday's - Carlson Restaurants Worldwide Inc. entered into a partnership agreement with Magic Johnson Enterprises to develop a Magic Johnson’s T.G.I. Friday’s restaurant in 1998. The location in Ladera, California, was designed to bring jobs and casual dining options to the community.(Photo: Courtesy of Magic Johnson’s TGIF)
24 Hour Fitness - The branded 24 Hour/Magic Sport fitness centers are based in many of the markets where MJE has an established presence with other ventures.(Photo: Courtesy of 24 Hour Fitness)
Money Management - MJE’s capital management division offers a range of financial investment management services that focus on investing in retail, housing and businesses that facilitate growth in urban communities, including a newly established small-business private equity fund.\r(Photo: The Republican /Landov)

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T.G.I. Friday's - Carlson Restaurants Worldwide Inc. entered into a partnership agreement with Magic Johnson Enterprises to develop a Magic Johnson’s T.G.I. Friday’s restaurant in 1998. The location in Ladera, California, was designed to bring jobs and casual dining options to the community.(Photo: Courtesy of Magic Johnson’s TGIF)

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