I didn’t know rapha wasn’t profitable at the moment. https://www.ft.com/content/8b55d109-1507-4cfe-a752-1451f802aa96 (paywall)
by joostholslag
I didn’t know rapha wasn’t profitable at the moment. https://www.ft.com/content/8b55d109-1507-4cfe-a752-1451f802aa96 (paywall)
by joostholslag
3 Comments
Big if true
Rapha has not turned a profit in 7+ years.
Last year in particular was quite bad, I think 22 million pound loss, and 2023 was 12 million GBP loss.
So yeah, it’s going to be tough. And the bicycle market in general is extremely tough now.
Fair to say most companies not making money, in fact do want to make money