Sky News is reporting that it believed Rapha’s board has been conducting interviews with investment banks with a view to an auction later in 2017.
It was November when rumour’s of a sale first emerged, which at the time speculated on a bid by luxury fashion group LVMH, which has since done business with Pinarello.
When CI.N contacted Rapha today the firm declined to comment on the Sky story other than to say they had not been contacted in relation to the article. Active Private Equity, a stakeholder in Rapha, also declined to comment on the story.
CyclingIndustry.News Q2 Trade Journal, available shortly, carries an exclusive interview with Mottram (and Pinarello) within which the Rapha founder talks about generating new revenue streams via a healthy membership, the tourism arm and clubhouses around the globe.
If you are in the UK cycling trade you can sign up for a free copy of the Trade Journal here.