NEW YORK TIMES: Fanatics is buying Mitchell & Ness, a fellow sports merchandiser

Company: AllCompany: Fanatics Commerce
Written By Seth Schlechter

Fanatics, known for its sports apparel and more, has teamed up with a host of celebrities, including the rapper Jay-Z and the D’Amelio family of TikTok fame, to buy the brand merchandising company Mitchell & Ness in its latest deal to expand its sports merchandise empire.

The deal, which closed on Wednesday, valued Mitchell & Ness at about $250 million, said two people with knowledge of the matter, who spoke on condition of anonymity because the terms of the deal were confidential. Mitchell & Ness made about $70 million in profit off about $350 million in revenue last year, these people said…

Seth Schlechter
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