Rapha focused on increasing 'profitability and resilience' as losses deepen by over £10 million, meaning seven years in the red

The British brand have not posted a pre-tax profit since 2017

Rapha
(Image credit: Rapha)

British cycling clothing brand Rapha has "continued to strengthen its core business operations", a spokesperson for the company said, despite recording financial losses for the seventh year in a row, with its losses deepening by over £10million.

In the latest accounts, held under Carpegna Ltd and covering the year to 28 January 2024, the company posted a pre-tax loss of £22.7million ($29.5million).

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