VF Corporation sells licensed sports group business to Fanatics

|About: Fanatics (FANA)|By:, SA News Editor

VF Corporation (VFC -1.2%) announces that it sold its sell its licensed sports group business to Fanatics (Private:FANA) for an undisclosed amount.

The deal will include the Majestic brand, which supplies apparel and fanware through licensing agreements with professional sports leagues and teams.

The transaction is expected to close in Q2.

Source: Press Release