News Snapshot:
Fanatics Inc, the world's biggest licensed sports merchandise retailer, said on Thursday it is expanding into China through a joint venture with local private equity firm Hillhouse Capital Group, as the SoftBank-backed e-commerce platform mulls a potential public listing later this year. The move by Jacksonville, Florida-based Fanatics, whose annual revenue tops $3 billion, is a bet on what the company sees as untapped demand in China for sports equipment and apparel. "China has been a market we followed for a while, and we've been meeting with multiple partners in China trying to figure out how we approach it in...
