Rapha has announced a wave of job cuts. The firm itself says 15 people are being made redundant, although The Telegraph(link is external) quotes a former employee who said the number was between 60 and 70. Another insider said the figure was nearer 80.
A Rapha spokesman said: “As we entered 2018, we adjusted our trading strategy, prioritising long-term profitable growth above short-term sales. As part of this, we are simplifying certain areas of the business, in order to reduce costs, and consolidate and strengthen our position. These actions will result in the reduction of a limited number of positions in our London headquarters.”
BikeBiz(link is external) reports that one of those to have left the company is head of R&D, Simon Huntsman.
The news comes after a series of uncharacteristically protracted sales over the summer. Many items have also been listed on the discount clothing website Sportpursuit.
https://road.cc/content/news/248095-rap ... -cut-costs