By Josh Patterson.
As first reported by Sky News, RZC Investments has acquired a majority stake in Rapha in a deal worth £200 million pounds / $260 million dollars. The U.S.-based investment firm is lead by Tom and Stuart Walton, two of the billionaire grandsons of Sam Walton, the founder of Walmart.
Does this mean we can expect to see Rapha’s high-end kits for sale at the world’s largest retailer?
If the Walton’s history of investment in cycling is any indication of their plans, the answer is a resounding no.’
Read more at BikeRadar.