Key Points:
1. NBA team owners Josh Harris and David Blitzer, along with former NBA player Kevin Garnett, have invested in the menswear brand Rhone.
2. Rhone was founded in 2014 as an activewear brand and has expanded to include a wider range of menswear offerings.
3. The company’s revenue has grown exponentially in recent years, and the investment from these high-profile individuals is seen as a sign of confidence in the brand’s future.
Body:
Los Angeles, California – In a significant move that underscores the growing appeal of the menswear market, a group of prominent investors led by NBA team owners Josh Harris and David Blitzer, along with former NBA player Kevin Garnett, have acquired a minority stake in the rapidly expanding menswear brand Rhone. This strategic investment marks a new chapter for Rhone, further propelling its mission to redefine the activewear landscape with its innovative designs and high-quality garments.
Founded in 2014 by former college athlete Nate Checketts, Rhone initially gained recognition for its performance-driven activewear, quickly becoming a favorite among athletes and fitness enthusiasts. The brand’s success stems from its focus on creating versatile pieces that seamlessly transition from the gym to everyday life, catering to the modern man’s active lifestyle. In recent years, Rhone has expanded its offerings beyond activewear, introducing a comprehensive range of menswear items, including tailored suits, chinos, shirts, and accessories.
The decision by Harris, Blitzer, and Garnett to invest in Rhone is a testament to the brand’s impressive trajectory and strong potential for continued growth. Rhone’s revenue has experienced exponential growth in recent years, driven by its commitment to quality, innovation, and customer-centric approach. The investment from these high-profile figures signals their confidence in Rhone’s ability to capitalize on the growing demand for premium menswear and further establish itself as a leading player in the industry.
This investment is poised to accelerate Rhone’s expansion plans and fuel its mission to revolutionize the way men dress. With the support of Harris, Blitzer, and Garnett, Rhone is well-positioned to enhance its product offerings, expand its retail presence, and solidify its position as a premier menswear destination. The brand’s commitment to creating stylish and functional clothing that empowers men to perform at their best is expected to resonate with a broader audience, further propelling Rhone’s growth in the years to come.
About Rhone:
Founded in 2014, Rhone is a premium menswear brand that seamlessly blends performance and style. The company’s mission is to empower men to live active, healthy lifestyles by providing them with clothing that performs as hard as they do. Rhone’s product line includes activewear, tailored clothing, chinos, shirts, and accessories, all designed to meet the demands of the modern man’s dynamic lifestyle.
About NBA Owners Josh Harris and David Blitzer:
Josh Harris is a co-owner of the Philadelphia 76ers and New Jersey Devils. He is also the founder and CEO of Apollo Global Management, a leading alternative investment management firm. David Blitzer is a co-owner of the Philadelphia 76ers, New Jersey Devils, and Crystal Palace F.C. He is also the managing partner and co-founder of Harris Blitzer Sports & Entertainment.
About Former NBA Player Kevin Garnett:
Kevin Garnett is a retired professional basketball player who played for the Minnesota Timberwolves, Boston Celtics, and Brooklyn Nets. He is widely considered one of the greatest power forwards in NBA history and was inducted into the Naismith Memorial Basketball Hall of Fame in 2020..
