Joshua Blitzer and David Blitzer, the owners of the Philadelphia 76ers NBA basketball team, have made a strategic investment in Rhone, a leading activewear brand for men. The investment was made through their investment firm, Harris Blitzer Sports & Entertainment (HBSE). The amount of the investment was not disclosed..
Rhone was founded in 2014 by Nate Checketts and Neil Blumenthal, two former McKinsey & Company consultants. The company is based in New York City and sells its products online and through select retail partners. Rhone’s products are designed for men who are looking for activewear that is both stylish and functional. The company’s product line includes polos, t-shirts, shorts, pants, and outerwear..
HBSE is a diversified sports and entertainment company that owns and operates the Philadelphia 76ers, the New Jersey Devils NHL hockey team, and the Prudential Center in Newark, New Jersey. The company also has a stake in the esports organization Team Dignitas..
The investment in Rhone is HBSE’s latest move to expand its portfolio of sports-related businesses. The company has been actively investing in startups and emerging brands that are focused on health, fitness, and wellness..
In a statement, Joshua Blitzer said, .
