Rapha makes redundancies as US office closes in "realigning" of business due to "current market dynamics"
"Organisational changes are always challenging, and I want to extend my gratitude to everyone at Rapha for their hard work — we will do everything we can to support those affected by the organisational changes. US roles in Bentonville were impacted due to the consolidation of resources in London, but NWA will remain the home of our North American Headquarters."
In a statement shared at the time, Rapha CEO Convercey said:"Our financial results highlight the impact of a turbulent few years and the ongoing challenges faced by the business, and the cycling industry as a whole.
"Despite the challenges faced, Rapha has undoubtedly emerged stronger, retaining many customers who initially joined during the pandemic while also acquiring new ones. The company's revenue growth and customer base have remained resilient, holding up well against the record levels achieved during the height of the pandemic."
, following on from around 150 staff being let go in May 2022 before a further 80 jobs were cut last March, the second round of redundancies accounting for around 15 per cent of the workforce.and restructuring as it announced it would be leaving its Nottingham headquarters, a"very difficult decision" made by parent company Accell.We’ve noticed you’re using an ad blocker. If you like road.cc, but you don’t like ads, please consider subscribing to the site to support us directly.