Rapha slashes valuation by £102m amid £15m loss and eighth straight year in the red, but insists "great work being done" to turn business around
Premium cycling clothing brand has lost £35m in the past two years, with turnover dropping by £14m in 2024 — but new CEO Fran Millar insists "we know the things we need to change and we are already making bold moves in the right direction"