Cycling brand Rapha may have seemed to be riding high a few months ago when it was bought by Walmart heirs Steuart and Tom Walton, but it has been struggling of late and posted a £20m loss in its latest set of accounts.
It seems to be the season for speculating about who is (or isn’t) bidding for which company and the latest rumour to emerge is that Investindustrial is on the shortlist to buy cycling specialist Rapha.
L’Oréal’s plan to sell its ethical beauty retailer The Body Shop could be hurt by falling profits at the UK-based operation, and the chain's ethical stance could also be a stumbling block, according to reports.
European private equity firm Investindustrial has invited the investment vehilce of Alibaba's founder Jack Ma to submit a last-minute joint bid of more than 800m euros for L'Oreal's The Body Shop, according to sources.
He has invested in Sergio Rossi and now Italian businessman Andrea Bonomi has taken a stake in Tod's to support long-term growth at the luxury goods group, a source close to the matter said on Wednesday.