Fanatics to Buy U.K.-Based Online Sports Retailer

Company: AllCompany: Fanatics Commerce
Written By Amy Ellis

Fanatics Inc., the $3.1 billion online apparel retailer with ties to every major sports league in the U.S., is looking to Europe to accelerate growth.

The Jacksonville, Fla., company has agreed to buy Kitbag, the online-sports retailing unit of Findel PLC, in an all-cash deal for $17 million. With the deal, Fanatics will become the back-end operations provider of the online stores for popular soccer teams such as Manchester United and Real Madrid…

Amy Ellis
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Fanatics Buys European Online Sports Retailer for $17 Million in Big Soccer Push