$261M worth of pedal power | Rapha
Money

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.

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Getting Artsy fartsy on your phone | Artsy
Money

In the midst of turmoil for peers Paddle8 and Auctionata, online art auction house Artsy just raised a $50M Series D.

None of the recent turmoil that’s affected fellow online art auction houses Paddle8 and Auctionata has seemed to dim Artsy’s outlook, and investors seem to be anything but nervous about its prospects.

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Strong move for Kevin and the Mizzen team | Dallas Morning News
Business

Mizzen+Main just locked up at least $10M from LVMH’s investment firm, L Catterton.

Mizzen+Main’s just become the latest in a series of key modern luxury investment deals for private equity firm L Catterton. We spoke to CEO Kevin Lavelle to get the details that matter. (932 words)

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Rapha's weighed down by some rather heavy costs | Rapha
Money

Rapha’s 12 year financials just landed in our inbox. Here’s what we learned.

The leaked financials answer our biggest question about Rapha: Why exactly are their margins – £1.1M ($1.4M) on £48.8M ($62.1M) revenues for 2016 – so small? (998 words)

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Rapha SS 2016 | Photo credit: Rapha
Business

Tracking the Rapha and LVMH deal – Here’s what we’ve gathered.

LVMH is in hot pursuit of London-based cycling brand Rapha. We’ve got details on the potential sale price — and what LVMH plans to do with them once acquired.

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