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Cases & Deals

December 21, 2020

K&S Represents Lids Sports Group in Transactions with Fanatics Inc. and Barnes & Noble Education, Inc.


King & Spalding advised the Lids Sports Group (“Lids”) on a series of investment and merchandising transactions with Fanatics, Inc. (“Fanatics”) and Barnes & Noble Education, Inc. (NYSE: BNED) resulting in a long-term strategic omnichannel merchandising partnership and a $15,000,000 equity investment in BNED.  Lids and Fanatics are the two online and offline leaders in the licensed sports and emblematic merchandise category. BNED is a solutions provider for the education industry.  Additional details regarding this matter can be found here.