Clothing brand could be sold before end of year
High-end cycling clothing retailer Rapha is reportedly the subject of a £200 million takeover bid by Investindustrial, the Italian owners of luxury car maker Aston Martin.
According to Sky News, Investindustrial is one of a number of company’s on the final shortlist of bidders for Rapha, along with another investment group, Invus.
The clothing brand has been the subject of considerable takeover speculation in recent months, with the Louis Vuitton Group, which bought Pinarello in December, rumoured to be among those interested.
Rapha is owned by Active Private Equity, which also has stakes in restaurant chains Leon and Honest Burger, and previously owned Evans Cycles, with steps being made earlier in the year to set up a sale by the end of 2017.
Established in 2004, the company’s revenues were £63m in 2016, with sales reportedly up by 40 per cent so far in 2017.
Rapha declined to comment when contacted by Cycling Weekly.