Walmart heirs buy cycling brand Rapha for ₹1,660 crore
British cycling clothes brand Rapha has been sold to RZC Investments, a private equity firm run by Steuart and Tom Walton, the grandchildren of Walmart Founder Sam Walton, for £200 million (₹1,660 crore). Rapha was founded by lifelong cyclist Simon Mottram in 2004. The sale values his stake at £25 million (₹207 crore) and he would remain the business' CEO.