Rapha losses almost double to 22.7m as UK turnover drops 20% amid...

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2024-10-22 09:30:01 -

Rapha losses almost double to 22.7m as UK turnover drops 20% amid "challenged" cycling sector, brand's seventh consecutive year in the red

The premium cycling clothing company blamed the "ongoing turbulent and competitive" cycling industry post-Covid, decreased consumer confidence "in several key markets", and the expensive consolidation of two warehouses into a single operation for the loss

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