27 Nov '16, 5pm

Louis Vuitton in talks to buy trendy cycling gear firm Rapha

Luxury goods group LVMH is in talks to buy the trendy cyclewear company Rapha as part of a move into the sports and leisure sectors. Rapha, founded in 2004 by cycling enthusiast Simon Mottram, is known for high-performance gear and premium prices. The company supplies Team Sky – the professional British cycling team which includes three-time Tour de France winner Chris Froome. Bespoke: Chris Froome's Tour de France cycling kit is made by Rapha Its latest accounts for the year to January 31, 2016, show Rapha made a pre-tax profit of £1.1 million on a turnover of £48.8 million. LVMH, which had a turnover of €35.7billion (£30.4billion) last year, owns more than 70 luxury brands covering everything from fashion and retailing to cosmetics, wines and spirits. RELATED ARTICLES Previous 1 Next Pennon posts solid rise in profits and dividend thanks to... TRADER TIPS: City insiders ...

Full article: http://www.dailymail.co.uk/money/markets/article-3974148/...

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Luxury goods giant LVMH in talks to buy Rapha h...

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Luxury goods group LVMH is in talks to buy the trendy cyclewear company Rapha as part of a move into the sports and leisur...

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Louis Vuitton buys Pinarello. Find more here:

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