More HoopsHype Rumors
February 26, 2021 | 2:20 pm EST Update
As Fanatics continues to hold off on a potential IPO, the sports merchandise company is busy expanding global operations, this time in China. The Michael Rubin-led company is starting Fanatics China, a joint venture with investment firm Hillhouse Capital, an Asia-focused private equity fund with companies in Asia’s e-commerce and retail sectors, the company told CNBC. Sources close to the deal told CNBC Fanatics expects the “venture alone to be over a $1 billion piece of business in China.”
February 26, 2021 | 1:45 pm EST Update
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