Fanatics said on Friday it had acquired Mitchell & Ness, known for its jersey replicas and streetwear, along with American rapper Jay-Z and other celebrities.
U.S. sports merchandise retailer Fanatics said on Friday it had acquired 118-year-old Mitchell & Ness, known for its jersey replicas and streetwear, along with American rapper Jay-Z and other celebrities.The company pulled in $350 million in sales and $70 million in profit last year, the sources said.This is just the beginning for expanding apparel, Fanatics CEO Michael Rubin on buying Mitchell & NessU.S.
Fanatics will own 75% of Mitchell & Ness, with the rest in the hands of the celebrity group that also comprises rapper Meek Mill, LeBron James' business partner Maverick Carter and the D'Amelio family of TikTok fame, according to the sources.
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