Strip-Club Business Meetings Are Alive and Well in Age of #MeToo

Celebrating a job well done with a group trip to the gentlemen’s club feels about as modern as, well, the term “gentlemen’s club.” But it’s still common enough that at least one company—Under Armour Inc.—had to tell employees to stop expensing visits to strip clubs earlier this year.

Live adult entertainment generates about $6 billion in annual sales, according to WestPark Capital analyst Ishfaque Faruk, with what he calls “consumer-staple type growth”—around 1 percent to 2 percent per year. He follows the industry as part of his coverage of RCI Hospitality Holdings (ticker: RICK), and industry executives have ...