Rapha receives investment from RZC
Cycling brand Rapha has announced that US-based RZC Investments is now the majority shareholder in its business.
Since its launch in 2004, Rapha has been owned by chief executive Simon Mottram and a group of founder shareholders including lead investor Active Partners.
In a statement, Rapha said the acquisition will enable it to roll out more stores, its membership club and range of products and services, and extend its global reach.
Mottram will remain as chief executive and has retained a significant part of his stake in the business.
Commenting on the news, Mottram said: "The arrival of RZC Investments as a shareholder means we can pursue our mission to elevate cycling as a global sport and recruit more participants by engaging them and enabling them to ride with us at all levels. Support from RZC Investments will allow us to further expand our active global community of cyclists, develop even better and more innovative products and services to enhance cyclists' lives and inspire many more people to take up the world's greatest sport."
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