Rapha axes jobs at London HQ

Peter Stuart 7 Sep 2018 After buyout by heirs of Walmart fortune, Rapha rolls out numerous redundancies amid new trading strategy As many as 80 jobs may have been cut at Rapha’s London headquarters this week as part of a search for long term profitable growth, according to reports in the Telegraph . Rapha officially claims that 15 jobs were cut as part of a redundancy program to ‘reduce costs, and consolidate and strengthen our position’. However according to the Telegraph , insiders claim that the numbers are around 60-70, with one source suggesting as many as 80 staff have been fired. Rapha recently closed its print publication Mondial, and there are rumours of further business transformations in the coming months. Rapha’s chief financial officer Emilio Fao has also recently left the company. See related Profile: Rapha CEO Simon Mottram Rapha sells for £200m to Walmart heirs Mavic and Enve ...

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