Send Message. Bain Capital has about $105 billion in assets under management. Although there are no restrictions on use of non-Varsity apparel by participants in the competitions proper,[5] in 2010 Webb testified that in at least one competition, teams received more points if they used Varsity-produced props. Varsity brought in an estimated $1.7 billion in revenue last year — up from $1.55 billion in 2016 — according to MBJ research. [10], In 2020, a proposed class action lawsuit was filed against Varsity Brands, alleging that it used its "undue influence and control" over affiliated bodies to maintain its monopoly in competitive cheerleading and scholastic apparel, including requiring participation in Varsity-run training camps in order to attend its competitions, participation in its insurance plans, and the aforementioned rebate program, which institutionalized financial costs for participation in competitive cheerleading. [26][12], In September 2020, USA Today published a report accusing governing bodies tied to Varsity Spirit of allowing 180 individuals (including coaches, choreographers, and others) indicted for child sexual abuse — 140 of whom having been convicted — to continue participating in activities. Form 10-K Varsity Brands Inc 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] SEC.report. [21], Varsity Spirit has been described as having a monopoly position in cheerleading in the United States, due to extensive vertical integration of apparel businesses, training camps, affiliated gyms, cheerleading competitions, and sanctioning bodies, as well as acquisitions of competitors. Varsity Brands, the parent of BSN Sports; Varsity Spirit and Herff Jones, announced that it has successfully completed transactions that, in aggregate, raised a total of approximately $185 million in new capital to the company. Now Compiling for 2020/21! 4.0 ★ 103 Reviews ... Glassdoor gives you an inside look at what it's like to work at Varsity, including salaries, reviews, office photos, and more. [9] In 2003, Varsity backed the formation of the U.S. All Star Federation, a sanctioning body for "all-star" cheerleading competitions involving teams from private gyms. 1 - Pfpc/Dfa Combined Semi-Annual Report - Accession Number 0000912057-97-025660 - Filing - SEC Jobs. After working as a summer camp instructor for Lawrence "Herkie" Herkimer's National Cheerleaders Association (NCA), he attempted, but failed, to acquire part of the company. [1] The U.S. All Star Federation (USASF), a governing body for private cheer and dance squads, was formed in 2003 with financial backing by Varsity Spirit via a no-interest loan. More like this Est. [10], In 2004, Varsity acquired National Spirit Group, owner of the NCA (which Webb estimated to have a 25% market share in 2002),[11][9] giving it control of the sheer majority of the cheerleading industry. Here For You During COVID-19 NEW! v. Varsity Brands, Inc", "Varsity Spirit launches new brand for pro teams", "Varsity Spirit adds to squad, buys two companies", "Cheerleading has a list of people banned from the sport. [12] A federal judge held that cheerleading "does not qualify as a varsity sport for the purposes of Title IX". Varsity Spirit Corporation markets cheerleader and dance team uniforms and ac- cessories to the youth, junior high, high school and college markets. Varsity Spirit Fashions & Supplies's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. [5] Only Varsity-owned brands are allowed to exhibit and market their apparel at its events, hindering the ability for competitors to do the same. About Us; Awards; Blog; Research; Guides; Employers. By 2002, Webb estimated that Varsity Spirit held about half of the market, and that 60% of its revenue came from apparel. Varsity Spirit Corporation markets cheerleader and dance team uniforms and ac- cessories to the youth, junior high, high school and college markets. It's up to the Supreme Court", "Star Athletica, L.L.C. 94 Varsity Spirit reviews. Welcome to the Varsity International Directory of Investigators & Security and the Varsity UK Directory of Investigators & Process Servers. It operates through organizations including the National Cheerleaders Association, Universal Dance Association, and Spirit Xpress. (Varsity Brands is a portfolio business comprising Varsity Spirit; BSN, a team-sports apparel and equipment arm; and Herff Jones, a class-ring and graduation-apparel arm. Varsity Spirit Llc was founded in 1997, and is located at 6745 Lenox Center Ct # 300 in Memphis. [10] Although Varsity Spirit officially states that it does not own the USASF,[22] its board is effectively controlled by Varsity Spirit by means of six of its 15 board members, and by-laws requiring seven seats to be filled by representatives of a group of cheerleading and dance associations that are ultimately owned by Varsity Spirit. Mark Identification: VARSITY ALL STAR: Last Applicant/Owner: Varsity Spirit Corporation 6745 … Oct 20, 2020. Search / Go. See what employees say it's like to work at Varsity Spirit. A free inside look at company reviews and salaries posted anonymously by employees. Bain Capital agreed to buy Varsity Brands, a maker of cheerleading uniforms and school spirit merchandise, betting on the sport’s future as it inches toward inclusion in the Olympic Games. It was missing 74 convicted sex offenders", "Federal lawsuit aims to break up alleged Varsity monopoly in cheerleading business", "Quinnipiac trial: Legitimacy of cheerleading as sport focus of plaintiffs", "Federal Judge: Cheerleading Is Not a Sport", https://en.wikipedia.org/w/index.php?title=Varsity_Spirit&oldid=998473173, Organizations based in Memphis, Tennessee, Articles to be expanded from September 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 5 January 2021, at 15:04. 6745 Lenox Center Ct # 300 Weigh In. [10], USA Cheer, a non-profit governing body for cheerleading, was also established by Varsity Spirit with a no-interest loan, and is staffed by six contracted Varsity Spirit employees. Dfa Investment Trust Co - ‘N-30D’ for 5/31/97 Annual or Semi-Annual Report Mailed to Shareholders of an Investment Company - Seq. Est. [17] In 2015, it acquired JAM Brands, which had been the company's main competitor in the 2010s. Though its revenue comes from a customer relationship management product, Salesforce also tries capitalizing on commercial applications of social networking through acquisition. Varsity Spirit Fashions & Supplies's Annual Report & Profile shows critical firmographic facts: United States. Here For You During COVID-19 NEW! [5], In 1974, Webb established the Universal Cheerleaders Association (UCA), in an effort to raise the profile of cheerleading, initially by establishing training camps, and later through promotional campaigns and its National High School Cheerleading Championship (which was first held in 1980). Since its founding in 1974 by Jeff Webb, Varsity Spirit has been the driving force in making cheerleading the dynamic, athletic, high profile activity it is today. [23], Classification of cheerleading as a sport, "Cheerleading may not be a sport, but it is an industry", "Industry Profile: Jeff Webb of Varsity Brands, Inc", "NCC Nationals: Continuing a rich tradition", "Meet Rebel, the $20 Million Cheerleading Startup Living Up to Its Name", "Top 100: Varsity squad leader Jeff Webb rallies billion-dollar spirit brands", "Cheerleading's peculiar path to potential Olympic sport", "CHEER EMPIRE: A for-profit company built competitive cheer, pays people who make its rules", "Varsity Brands acquires Athletic Championships and Premier Athletics", "Varsity Brands Owns Cheerleading and Fights to Keep it From Becoming an Official Sport", "Bain to acquire Varsity Brands, a top maker of cheerleader uniforms and school spirit items, for roughly $2.5 billion", "Jeff Webb Named President, COO of Herff Jones", "American Cheerleader Sold to Varsity Spirit Corp", "Who Owns Cheerleader Uniform Designs? Varsity responded to the suit, arguing that they "welcome the kind of competition that enhances the cheer marketplace", and accused competitors of "seeking to chill that marketplace through the Courts. Read more. Unknown. The company also pays the salary of its president, and its vice president of events and corporate alliances. [1][2], Varsity Spirit was founded by Jeff Webb,[3] a yell leader at the University of Oklahoma contemplating law school. The division's first partnership as outfitter was with the NBA's Memphis Grizzlies. Form 10-K filed by Varsity Brands Inc with the security and exchange commission. [12] In 2015, the UIL announced a pilot "Spirit Championship", and that it would "partner with Varsity Brands to provide and train judges for the contest. The team spirit and camaraderie was F “ or two consecutive years our team had band. We are contesting this flawed diversion from an otherwise dynamic industry with energy, resources and determination. Founded in 1974 as the Universal Cheerleaders Association, the company is a manufacturer of apparel for cheerleading and dance teams, organizer of cheerleading competitions, and operator of training camps and sanctioning bodies. Competitors. Varsity also organizes cheerleading and dance team training camps and clinics (with more than 350,000 participants annually), and sponsors nationally televised competitions across the US. Annual Revenue. The company's vertical integration and monopoly status has faced criticism, including accusations of anti-competitive practices, conflicts of interest via control of governing bodies, and institutionalizing high financial costs for participation in forms of competitive cheerleading. Varsity Spirit has led the way in safety as a supporter of the American Association of Cheerleading Coaches and Administrators since 1987 and as a camp leader training more than 300,000 cheerleaders per year in cheerleading fundamentals with an emphasis on safety. Trademark Introduction : VARSITY ALL STAR TRADEMARK INFORMATION: VARSITY SPIRIT CORPORATION: Updated September 28, 2019: Sponsored Links. Standard & Poors lowered the debt ratings of Varsity Brands Co. Inc., the parent of Varsity Spirit, Herff Jones and BSN Sports, as the COVID-19 pandemic is leading to a growing number of school closures and event cancellations. – Colin Benjamin (BSc 1960) travelled to Lourenço Marques (LM), now me in planning, organisation and management. Varsity.com also provides resources on being a cheerleader, cheerleading stunts, jumps, and motions, dance teams, competitive cheerleading, cheer coaching, and also cheerleader safety. Today, Varsity Brands is … Varsity Brands operates educational camps, clinics and competitions for cheerleaders. Since its founding in 1974 by Jeff Webb, Varsity Spirit has been the driving force in making cheerleading the dynamic, athletic, high profile activity it is today. Your Email Address Subject: Message. Varsity Spirit to Host 2020 Special Event at Universal Orlando Resort. Varsity Directory of Investigators ~ Specialist publishers for Investigators, Detectives and surveillance & security professionals. It is classified as operating in the Promoters of Performing Arts, Sports & Similar Events industry. [12] In 2005, it acquired the Knoxville-based Athletic Championships LLC and Premier Athletics LLC. National Cheerleaders had been founded by Lawrence Herkimer in 1948. Unknown. "[24], Varsity Spirit and its affiliates have lobbied against proposals for cheerleading to be sanctioned as a sport, including proposals by California and Texas's University Interscholastic League (UIL), arguing that this would result in increased oversight and regulation that would be detrimental to its business and self-oversight. Company Summary. CEO Approval Rating - -/100. Memphis, TN 38115 [5], In 2016, Varsity Brands sued Star Athletica, a competing manufacturer of cheerleading uniforms established by The Liebe Company (which was formerly contracted with Varsity), for copyright infringement over similarities in designs between their products. The Company serves schools, sports teams and other organizations. He joined Varsity Brands when the company was founded in 2012, with Herff Jones acquiring Varsity Spirit and Varsity Spirit acquiring BSN. The Company has a portfolio of approximately three brands, including BSN Sports, Herff Jones and Varsity Spirit. [23] In 2011, the USASF threatened to ban its members from participating in Varsity-run events if they participate in competing world championships not run by the company. Varsity Spirit. After working as a summer camp instructor for Lawrence "Herkie" Herkimer's National Cheerleaders Association (NCA),[4] he attempted, but failed, to acquire part of the company. [8], Webb first operated the company out of his apartment, and only made a profit of $850 during his first year of operations. Since its founding in 1974 by Jeff Webb, Varsity Spirit has been the driving force in making cheerleading the dynamic, athletic, high profile activity it is today. Revenue £100 to £500 million (GBP) per year. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Competitors. Glassdoor . Varsity Spirit’s cheerleading championship was set to be held with safety protocols like masking and physical distancing in place at the convention center, according to the event agenda. Varsity Spirit, the driving force in cheerleading and dance, has wrapped up another year of robust fundraising and community involvement in 2018. All content is posted anonymously by employees working at Varsity. In 2018, more than 100 Varsity Spirit employees also accepted the challenge of donating a portion of each paycheck, raising an additional $30,000 as part of scheduled revenue for the hospital. [10][5][2][12], Varsity has been accused of engaging in anti-competitive practices; the company signs gyms to multi-year agreements, under which they receive rebates if they exclusively purchase apparel from the company, and participate in Varsity-run competitions. Annual Revenue $53,308,489.00; Employee Count 83; Industries Sports Instruction, Schools And Camps; Contacts J Kristyn Shepherd ; Contact Business. [18] The Supreme Court ruled in favor of Varsity, establishing that aesthetic elements of a useful article can be protected if they are a copyrightable artistic work, and are identifiable as art when mentally separated from the practical aspects of the item. See Varsity Spirit, LLC company profile » Stay up-to-date with the latest news on Varsity Spirit, LLC. Here For You During COVID-19 NEW! [25] In his testimony, Webb stated that he did not consider cheerleading to be a sport, as he primarily considered Varsity's competitions to be a promotion for its lines of business. Varsity Spirit promotes giving back and community involvement through a wide variety of programs and provides cheer and dance teams and coaches opportunities to get involved and give back to their local communities. Bill Seely. Varsity All Star is a Trademark by Varsity Spirit Corporation, the address on file for this trademark is 6745 Lenox Center Court, Suite 300, Memphis, TN 38115. [12], Varsity also has effective control of affiliated governing bodies for cheerleading. Revenue: $100 to $500 million (USD) Competitors: UNKNOWN. This is the Varsity company profile. It found that their list of blacklisted individuals only contained 21 people, and was only amended and expanded following reports made by the paper. Create Comparison. More like this President. Create Comparison. By combining high energy entertainment with traditional school leadership, Webb and his organization have driven ... Read more. Employees. [6][7] Cheerleading had seen declines in participation due to the growth of women's sports following the introduction of Title IX. Varsity Spirit is a unit of Varsity Brands, owned by Bain Capital, the Boston-based private investment firm co-founded by Mitt Romney, Utah senator and former presidential candidate and Massachusetts governor. To go in the 2020/21 Directories CLICK HERE for your ENTRY FORM. Varsity Brands Inc Form 10-K. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. Revenue $100 to $500 million (CAD) per year. Varsity Brands LLC is a United States-based provider of products and programs celebrating academic and athletic achievement. By combining high energy entertainment with traditional school leadership, Webb and his organization have driven... Read more. [19], In July 2019, the company introduced a new division, "Varsity Pro", which focuses on providing apparel and services for professional cheer and dance teams, such as NBA and NFL cheerleading squads. [10] Varsity was also involved in the establishment of the International Cheer Union. [10], In 2011, Varsity Brands merged with Herff Jones, an Indianapolis-based manufacturer of class rings, caps and gowns, and yearbooks;[13][14] Webb was named president and COO in December 2012,[15] and the merged company took on the Varsity Brands name in 2014. Its Varsity TV broadcasts cheerleading videos online. Varsity Spirit is a leader in a business niche that it helped to create, the school spirit industry. Varsity Spirit was founded by Jeff Webb, a yell leader at the University of Oklahoma contemplating law school. Varsity Spirit began with cheerleading camps and education for high school and college students. The Com- pany also offers cheerleader and dance team camps, conducts televised cheer- leading and dance team championships, organizes domestic and international trav- el tours and sponsors special events for school spirit groups. Then Webb expanded into uniforms, equipment and organizing competitions. When the company was launched in 1974, there was only one other significant player in the industry: National Cheerleaders Association (later dubbed National Spirit Group), a privately owned Dallas-based venture. Jobs. Managing this project was a great lesson for Our difficulty was getting enough girl swimmers to fantastic. Salaries, reviews, and more - all posted by employees working at Varsity Spirit. "[10], In 2010, Webb was called upon as an expert witness in a Title IX case involving Quinnipiac University, which had redirected money out of women's sports to its all-girls cheerleading team under the argument that it was a sport. [16] In 2012, it acquired American Cheerleader magazine from Macfadden Communications Group, with the publishers of Memphis-based teen magazine Justine producing the magazine. Jobs. An emphasis on social distancing and restrictions on large gatherings are also disrupting the company's business, the rating agency noted. Salaries, reviews, and more - all posted by employees working at Varsity Spirit. Jobs; Jobs Tips; How to Get a Job; 11 Recession-Proof Jobs; The Perfect Resume Looks Like This; How to Write A Cover Letter ; 9 Attention-Grabbing Cover Letter Examples; Quiz: What Job Best Fits Your Life? Varsity Spirit, LLC, also known as Varsity, is an American cheerleading company owned by Varsity Brands. By combining high energy entertainment with traditional school leadership, Webb and his organization have driven ... Read more. 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