Rapha reported to be in takeover talks with luxury specialist LVMH

Carlton Reid
Rapha reported to be in takeover talks with luxury specialist LVMH

Rapha is in takeover talks with LVMH, reports the Mail on Sunday.  LVMH owns Louis Vuitton, Moet & Chandon, Dior, TAG Heuer and many other luxe brands, and was recently linked with Italian bike manufacturer Pinarello. LVMH's brands had a £30 billion turnover in 2015.

BikeBiz ran a story on Rapha in 2004 – "Classy cycle togs to be launched by start-up" – just before founder Simon Mottram went public with it.  The company achieved a turnover of £48.8 million in the year to 31 January 2016, with pre-tax profit of £1 million.

Neither LVMH nor Rapha would comment on the takeover report.

Rapha kit is sold online, via a small number of retailers, and via fourteen Rapha Clubhouse stores around the world. With 8,000 paid-up members, the Rapha Cycling Club is one of the largest cycling clubs in the world.

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Tags: rapha , takeover , LVMH

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