News Snapshot:
February 26, 2021 2 mins read + Fanatics, the world’s biggest licensed sports merchandise retailer is expanding into China via a joint 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 exceeding $3 billion, is betting on what it sees as untapped demand in China for sports equipment and clothing. “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 the best way,” Zohar Ravid, Fanatics’ head...
