Walmart heirs buy cycling brand Rapha for â¹1,660 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 Â£200 million (â¹1,660 crore). Rapha was founded by lifelong cyclist Simon Mottram in 2004. The sale values his stake at Â£25 million (â¹207 crore) and he would remain the business' CEO.