Rapha announces 37 per cent increase in turnover but expansion sees profits fall

Expansion, both at home and abroad, sees Rapha's profits fall by 16.5 per cent, but sales and turnover are up by more than a third

High-end clothing brand Rapha saw its sales and turnover increase by over 30 per cent in the year ending February 1, 2015, but saw profits fallling by 16.5 per cent as it plunged money into global expansion and a new HQ.

Its growth in recent years has required the company to depart its Kentish Town base in favour of a larger premises in the booming Kings Cross area, just yards away from the location of the Rapha Super Cross series in November.

Thank you for reading 20 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1

Stuart Clarke is a News Associates trained journalist who has worked for the likes of the British Olympic Associate, British Rowing and the England and Wales Cricket Board, and of course Cycling Weekly. His work at Cycling Weekly has focused upon professional racing, following the World Tour races and its characters.