NBA Owners Blitzer, Plotkin Bet On Menswear Brand Rhone
October 25, 2023
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.