NBA Owners Blitzer, Plotkin Bet On Menswear Brand Rhone
October 25, 2023
Source: Bloomberg
Workout and casual apparel brand, Rhone, seeks to continue its growth and expansion with the support of its strong investor base. Rhone recently announced that a consortium of investors including Kaulig Capital. Blitzer, Gabe Plotkin, and Tim Tebow acquired a 29% stake in the business previously owned by private equity firm L Catterton. Rhone CEO and co-founder, Nate Checketts, is pleased with the past three years and the company has eclipsed a $100 million annual run-rate. This growth is attributed to the opening of new stores and continuing development of new products, through the support of its affinity investors as well as new board members.
