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by Mark Zalewski
March 16, 2017
In today’s CyclingTips Daily News Digest: Bouhanni wins Nokere Koerse; UK Sport went easy on British Cycling for medals; USA Cycling reveals Pro Road Championship courses; Strange incident in final kilometres of Nokere Koerse; Van Avermaet ready for San Remo; Riders already saying goodbye to Boonen; Melbourne cyclist who was shot speaks about incident; Rapha looking to sell?; 77-year-old cyclist to ride entire Giro course for charity; Perth cyclists draw a Strava goat; 2017 Cape Epic trailer.
Sky News reports that the board of high-end cycling clothing maker Rapha has been meeting with investment banks with the goal of selling the company.
Rapha was founded in 2004 by Simon Mottram, a brand consultant. He subsequently sold a stake in the business to Active Private Equity, which has also has stakes in like-minded companies like Soho House.
The brand has ridden the upsurge in cycling’s popularity in Britain with the Olympic success. It also had a four-year sponsorship deal with Team Sky that ended last year.
The latest numbers reported by the company show a surge in sales and gross profit, despite the recent scandals involving both British Cycling and Team Sky.
The company says it employs more than 350 people. It has also expanded it’s ‘cycling club’ scheme around the world with more than 7,000 members.
Click through to read more at Sky News.