NBA And Fanatics Open First NBA Store In The U K
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SoftBank-backed sports retailer Fanatics enters China via JV with Hillhouse Capital
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3 Min Read
CHICAGO/NEW YORK (Reuters) - 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.
FILE PHOTO: Zhang Lei, founder, chairman and chief executive officer of Hillhouse Capital Management Group, speaks at the 2019 New Economy Forum in Beijing, China November 21, 2019. REUTERS/Jason Lee
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.
“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 of international corporate development, told Reuters.
3 Min Read
CHICAGO/NEW YORK (Reuters) - 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.
FILE PHOTO: Zhang Lei, founder, chairman and chief executive officer of Hillhouse Capital Management Group, speaks at the 2019 New Economy Forum in Beijing, China November 21, 2019. REUTERS/Jason Lee
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.
“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 of international corporate development, told Reuters.