fanatics

Michael Rubin’s Fanatics Introduces Global Impact Day with 4,000 Employees Providing Service in Local Communities

by
Michael Rubin's Fanatics Introduces Global Impact Day with 4,000 Employees Providing Service in Local Communities

On Wednesday, Fanatics will have its first Global Impact Day, a company-wide day of service in which over 4,000 employees from ten countries will volunteer in their communities.

Building houses with Habitat for Humanity, campus beautification projects at Boys and Girls Clubs, assisting at shelters and food banks, local park clean-ups, organizing donations to low-income parents, writing letters to veterans, and many other volunteer activities were among the Fanatics’ activities.

Michael Rubin, the CEO of Fanatics, worked with Citymeals on Wheels, which serves meals to homebound elderly citizens, and Room to Grow, which provides resources and assistance to low-income parents in New York City.

Employees from Fanatics volunteered more than 15K hours at more than 200 locations around the world, including India, France, Honduras, Thailand, Japan, United Kingdom, Paris, Canada, and the U.S., for Global Impact Day.

The post Michael Rubin’s Fanatics Introduces Global Impact Day with 4,000 Employees Providing Service in Local Communities appeared first on The Source.

Jay Z, Lil Baby, Meek Mill And Fanatics Buy Mitchell & Ness For $250 Million

by
jay z fanatics
Getty Image

Jay-Z and Fanatics Inc. have joined investors including Lil Baby, Maverick Carter, and Meek Mill to buy the throwback sports apparel designer Mitchell & Ness for $250 million, according to the Wall Street Journal. Fanatics CEO Michael Rubin was especially excited to purchase the Philadelphia-based brand, which joins his collection of local businesses including part of the NBA’s Philadelphia 76ers.

“Growing up as a kid in Philadelphia we looked at Mitchell & Ness as a badge of pride, and I truly believe this legendary brand has no limit,” he said. Fanatics will own 75% of Mitchell & Ness, while the investment group, which also includes the family of TikTok star Charli D’Amelio, will own the rest. Mitchell & Ness is best known for designing and retailing the throwback jerseys that were so popular during the early 2000s and have since made a resurgence. Most recently, the brand collaborated with J. Cole’s Dreamer imprint to produce a series of custom NBA throwbacks bearing the Dreamer logo in place of the original teams’ logos. Ironically, Jay-Z now co-owns the creator of the jerseys he once famously threw under the bus on “What More Can I Say” in 2004.

Combined with Fanatics’ minority stake in the headwear retailer Lids acquired in 2018, Jay, Meek, and Rubin are living a millennial hip-hop fan’s sartorial dream come true. Fanatics has also been reportedly expanding outside of sportswear, acquiring Topps trading card company with the intent of turning it into a digital platform with internet gambling.