Board reported to have taken first steps towards sale

Rapha could be under new owners by the end of the year as signs emerged that the current owners taking steps to cash in on their investment.

According to Sky News, Rapha’s board have been preparing for the sale by interviewing investment banks to oversee a potential auction before the end of 2017.

No sale is confirmed, and when contacted by Cycling Weekly Rapha declined to comment on whether the company would be sold by the end of the year.

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Rapha is owned by Active Private Equity, which also has stakes in restaurant chains Leon and Honest Burger, and previously owned Evans Cycles.

Before Christmas, the high-end clothing company had rumoured to be a target for the Louis Vuitton Group (LVMH), which also recently bought Pinarello.

However that deal now appears to have stalled, with no news since the end of November.