Curated News
By: NewsRamp Editorial Staff
October 02, 2025
Pride Holdings Acquires Lips Chicago, Projects 25% Revenue Growth
TLDR
- Pride Holdings Group's acquisition of Lips Chicago provides a strategic advantage by projecting a 25% revenue increase through rebranding under their successful Divas DDD concept.
- Pride Holdings Group acquires Lips Chicago and converts it to their Divas DDD brand through operational enhancements to drive a projected 25% year-over-year revenue growth.
- This expansion strengthens LGBTQ+ hospitality leadership while creating more inclusive entertainment spaces that celebrate diversity and community through strategic brand growth.
- Pride Holdings Group transforms Lips Chicago into their Divas DDD concept, bringing their successful drag entertainment model to a new market with enhanced operations.
Impact - Why it Matters
This acquisition represents significant growth in the LGBTQ+ hospitality sector, demonstrating how strategic business moves can drive both cultural representation and financial performance. For investors, it shows the maturation of LGBTQ+ focused businesses as viable investment opportunities with strong growth potential. For the broader community, it signals increased visibility and economic empowerment through established business models that cater specifically to LGBTQ+ consumers while delivering shareholder value. The projected 25% revenue growth indicates that inclusive hospitality concepts can achieve substantial commercial success, potentially encouraging more investment in diverse-owned and focused businesses across the entertainment and hospitality industries.
Summary
Pride Holdings Group (OTC: PHSE), a prominent leader in LGBTQ+ hospitality and entertainment, has announced a strategic acquisition that marks a significant expansion of its business operations. The company has acquired Lips Chicago, which will undergo a comprehensive rebranding to align with Pride's successful Divas DDD concept. This move represents a calculated effort to accelerate revenue growth, strengthen the company's market positioning, and deliver enhanced value to shareholders. The acquisition builds directly on the proven success of the Fort Lauderdale Divas DDD model, demonstrating Pride Holdings Group's commitment to scaling its operations through strategic property acquisitions and brand consolidation.
According to company projections, the Chicago location is expected to generate an impressive 25% year-over-year revenue lift following the rebranding and implementation of operational enhancements. CEO Mike Barrett emphasized the pivotal nature of this acquisition, stating that it reinforces Pride's leadership in LGBTQ+ hospitality while delivering tangible financial results. The company's strategy focuses on creating a premier LGBTQ+ hospitality and cultural rollup through targeted acquisitions, tech-enabled membership platforms, and new revenue channels. The original release can be viewed on www.newmediawire.com, providing additional context about this strategic business move and its projected financial impact for 2026.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Pride Holdings Acquires Lips Chicago, Projects 25% Revenue Growth
