Rapha’s buyout by Walmart heirs marks the first M&A deal for an activewear brand in the modern luxury category.
Rapha’s $261M purchase by Walmart heirs Steuart and Tom Walton puts an end to an ‘on again, off again’ sale saga that stretched across nine long months.
There’s been plenty of analysis on the pending deal since last week. Yet one thing is becoming abundantly clear in this narrative: In former Jet.com CEO Marc Lore, Walmart has a snarling e-commerce pitbull. (562 words)
With their $3M seed round in new beauty upstart True Botanicals plus their billion dollar buyout of Dollar Shave Club, two makes a pattern. (382 words)