Inside Memphis Business
by Jon W. Sparks and Samuel X. Cicci

Welcome the Golden Hippo
What's happening
News from other sources
Hot Sheet: Who’s going where
Power Player: Raj Subramaniam
Quotable: Maxwell Hartt

Brand-development agency brings business, revitalization to Memphis.

With redevelopment underway all across Memphis, companies are constantly looking for open properties to snap up. Rundown buildings and vacant lots are being respun into useful assets for the city, and sometimes, that means national companies look to bring their business to Bluff City. The newest entity to arrive in Shelby County is Golden Bolt, LLC, which held a ribbon cutting ceremony at its new warehouse at 1580 Panama St. on Wednesday.

Golden Bolt, the fulfillment division of Woodland Hills, CA-based parent company Golden Hippo, expanded its reach with the 165,000 sq. ft. space purchased for $750,000 last October. Golden Hippo is a media and brand-development agency that focuses on direct-to-consumer businesses. The new fulfillment center in Memphis gives the company a base in the Mid-South and allows for quicker distribution of its numerous products, like pet food, supplements, and cosmetic products.

Since the building had been vacant for a decade, Golden Bolt received revitalization funds from the Tennessee Valley Authority to renovate the warehouse. With the extra funding, the company plans to provide extra perks to employees, such as cell-phone charging stations and free lunches. So far, the company has hired over 50 local workers to staff the warehouse, and plans to have hired at least 100 by the end of 2019.

Golden Hippo/Golden Bolt also have offices in Woodland Hills and Chatsworth, CA, and Salt Lake City, UT.

For more information, visit

- Samuel X. Cicci
Golden Bolt
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- Gold Strike Casino Resort aims to be a premier sports entertainment destination in the Mid-South with its Moneyline Book, Bar & Grill. A kickoff event with several pro sports personalities is from 5 to 7 p.m. today. Capitalizing on sports betting, it has more than 60 HD screens, including a giant video wall, an ample bar, three-meal dining, sportsbook, VIP lounge and entertainment. The $7 million investment features the region’s first Topgolf Swing Suite, an immersive, high-tech golf simulator with virtual games for golfers and non-golfers. For diners, there are menus for breakfast, lunch, and dinner, and it has 12 beers on tap, several other imported and craft beers, and a cocktail and wine program.


- Can shrinking cities still prosper? It's a question relevant to Memphis and Tom Jones' Smart City has some well considered thoughts on the question. Read it here.

- The tax free weekend is coming up where you can save almost 10 percent on certain items. But which ones? The Flyer knows.

- What's the plan for the Memphis College of Art and Brooks Museum buildings? Ten finalists have been chosen. Read Tom Bailey's story in the Daily Memphian here.

- True Temper chose downtown over the Clark Tower. Jacob Stemier at the Memphis Business Journal explains why here


- The 4th annual Bacon & Bourbon Festival hosted by the Memphis Flyer will have creative bacon-inspired dishes of all kinds from some of Memphis' best restaurants, plus an array of distilled spirits to tempt your tastebuds. The music, merriment, and entertainment will be Saturday August 24th 2019 at Beale Street Landing downtown. A portion of proceeds go to the Memphis Farmers Market. Click here for more info.
Memphis Magazine Fiction Contest

Who's getting promoted? Who's closing big deals? Who's getting awards? Inside Memphis Business magazine's Hot Sheet has the latest on milestones in Memphis.
- Baker Donelson awarded Kristine L. Roberts the firm’s 2019 Susan E. Rich Award, which recognizes promotion and commitment to women in the legal profession.

- The National Association of Music Merchants recognized Amro Music as a Top 100 Dealer.

- Brittany Cooper-d’Orsay (pictured) joined PRIZM Ensemble as director of operations and educational programming.
- Youth Villages hired John Norris as general counsel and managing director.
- Lifesigns moved into a new facility at 1727 Kirby Parkway, Suite 100.
- Diane Esterman joined Pinnacle Financial Partners’ commercial real estate team as a senior vice president and credit advisor.
- The National Institutes of Health awarded UTHSC assistant professor Siamak Yousefi a grant of around $500,000 to research using artificial intelligence as a tool in discovering glaucoma early in its progression.
- Sissy’s Log Cabin added Bryan Gase as sales manager.
- The Peabody Hotel was nominated for “Best Historic Hotel” in USA Today’s 10 Best Readers’ Choice Awards.
- Epicenter received $450,000 from the Kaufman Foundation to continue scaling minority-owned businesses. The grant means that the Memphis entrepreneurial sector has received almost $1.5 million in funding over the last week, with Epicenter winning an earlier grant and AgLaunch also netting additional grant money.

Inside Memphis Business magazine publishes a list of local Power Players every year. These are the movers and shakers in more than 30 categories who get things done in their respective fields. IMB’s April issue has the complete list. We also publish individual categories in other issues throughout the year, and we feature individual Power Players in our weekly Tip Sheet.
This week’s Power Player is Raj Subramaniam, president and COO, FedEx; president and CEO, FedEx Express; co-president and co-CEO, FedEx Services. Graduate, Indian Institute of Technology; M.S., Chemical Engineering, Syracuse University; M.B.A., University of Texas – Austin. Oversees FedEx portfolio of operating companies and more than 450,000 team members. Member of five-person executive committee that plans and executes FedEx’s strategic business activities. Has been with company since 1991. Board member, First Horizon National Corporation. Member, World 50, U.S.-India Strategic Partnership Forum.
For the complete list of Inside Memphis Business Power Players, go here.

“The lack of relationship between severity, persistence, and income demonstrates the diversity and complexity of urban shrinkage processes.”

- Researcher Maxwell Hartt, on the economic performance of American cities with shrinking populations

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