Who Owns Chippendales Now?
Kevin Denberg and several other investors are the new owners of the Chippendales, the most voluptuous live show in the world.
Previously, the Chippendales was founded by Somen Steve Banerjee, an Indian. In 1979, Banerjee renamed the group 'Chippendales' while before, it was named 'Destiny II.' Banerjee faced a massive loss in his share of Chippendales, leading him to a plea agreement that could be 26 years in prison. Before the sentence was announced, Banerjee hanged himself early on October 23, 1994.
Despite Banerjee pleading guilty, the brand Chippendales was still alive and went to his wife during their divorce. Later, she sold the brand for $2.5 million. According to The New Yorker, Lou Pearlman purchased the brand before being charged with fraud.
Chippendales came into the hands of Kevin Denberg, traveling around the country and landed in Las Vegas. The Chippendales were still performing on domestic and international tours, though they had closed their New York location. Kevin Denberg and his team renovate the brand and garner the attention of the women of Generation Youth.