Key facts
- A new investment fund has been launched with backing from LVMH and more than 200 professional athletes.
- This marks the fund's first investment.
- The fund is acquiring a minority stake in the activewear brand Rhoback.
A newly established investment fund, supported by the prominent fashion conglomerate LVMH and a collective of over 200 professional athletes, has declared its inaugural investment. The fund is acquiring a minority stake in Rhoback, an activewear brand. This move signifies the fund's entry into the market and its strategic focus on the activewear sector.