Founder Simon Mottram to remain chief executive after private equity firm RZC wins race for upmarket sportswear label
British upmarket cycling brand Rapha has been sold to two heirs of the Walmart dynasty for £200m.
Rapha, founded by branding consultant and lifelong cyclist Simon Mottram in 2004, announced on Monday that it had been sold to RZC Investments, a private equity firm run by Steuart and Tom Walton. They are grandchildren of Sam Walton, founder of Walmart.