News Snapshot:
Owned by billionaire Michael Rubin, Fanatics has grown into the dominant force in licensed sports merchandise. Hillhouse has advised and invested in some of China's biggest online retailers. Adobe Sports ecommerce giant Fanatics is partnering with private equity firm Hillhouse Capital on a 50-50 joint venture to expand its presence in China . Fanatics China will handle both brick-and-mortar stores and ecommerce across the world’s most populous country. It will also provide an expanded opportunity for the company’s 300+ partners—including the NFL, NBA and some of the world’s biggest soccer clubs—to increase their presence in China, a business priority for...
