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Fed may not cut rates at all this year: Broadleaf's Doug Mackay
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed may not cut rates at all this year: Broadleaf's Doug MackayDoug Mackay, Broadleaf Partners CIO, joins 'Power Lunch' to discuss the Fed, earnings, tomorrow's jobs report, and what it means for the market.
Persons: Doug Mackay Doug Mackay Organizations: Partners
Fanatics has seen that area of its business grow to more than $5 billion in annual sales, a key driver of its increasing overall revenue and valuation. The slew of recent executive appointments moves Fanatics closer to Rubin's goal of an eventual IPO as its business continues to expand beyond sports merchandise. Low Ah Kee is replacing Doug Mack, who has served as Fanatics Commerce CEO since 2014 and announced last month that he would be retiring at the end of 2023. Fanatics said Mack will work with Low Ah Kee for the remainder of the year and then will shift into a special advisory role for Rubin and the company. Opendoor announced last December that Low Ah Kee was leaving the company.
Persons: Justin Berl, Andrew Low Ah Kee, Michael Rubin, Low Ah Kee, Matt King, Dick Clark, Mike Mahan, " Rubin, Rubin, Deborah Crawford, Ah Kee, Doug Mack, Mack, Opendoor, Kee Organizations: Pittsburgh Pirates, Milwaukee Brewers, PNC Park, Commerce, Mitchell Locations: Pittsburgh , Pennsylvania, U.S, Meta
Fanatics has acquired Italian sports merchandise company Epi for an undisclosed amount and will rebrand the Milan-based company as Fanatics Italy. The company operates the ecommerce, in-venue, physical retail store and third-party logistics for several of the top football clubs in Italy including AC Milan, Inter Milan and Juventus, as well as the Italian Football Federation, which oversees the Italian national team. The deal builds upon Fanatics' existing presence in Europe and across the globe, which totals more than 60 offices, and manufacturing and distribution facilities. Roughly a "low double-digit" percentage of Fanatics' revenue comes from outside North America, Mack said, declining to comment further as Fanatics is a private company. Revenue for Fanatics will be approximately $8 billion in 2023, according to previous company estimates seen by CNBC.
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