News Snapshot:
CHICAGO/NEW YORK - Fanatics Inc, the world’s biggest licensed sports merchandise retailer, said on Thursday it was expanding into China via a venture with private equity firm Hillhouse Capital Group, as the e-commerce platform considers a possible public listing.Fanatics, the Softbank-backed firm with annual revenue that exceeds $3 billion, is betting on what it sees as untapped demand in China for sports equipment and clothing.“The interest overall in the country around European football, and American sports, is growing.”Florida-based Fanatics operates online stores and sells products for more than 300 teams, brands and leagues from Manchester United and Nike to the...
