Fanatics Closes $350 Million Investment Round
The licensed apparel retailer raised an additional $350 million in a Series E round that valued it at about $6.2 billion, the Wall Street Journal reported, and would likely be the last private funding it received before an IPO. The valuation is a big jump from the previous round, a $1 billion investment from Softbank three years ago that valued the licensed apparel retailer at $4.5 billion. Among other sporting goods retailers, Foot Locker declined to $3.0 billion ... Log in to view full article.