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The thing that gets me is the price the Waltons paid for Rapha, $260,000,000 for a company doing ~$100,000,000 a year max. When the sale was made the price was some huge multiple of EBITDA.
As with so many companies in this industry, a buyer, from outside the bike industry, comes in and overestimates what a niche brand is worth and how much it can grow.
Is it just me but after Simon sold it there seemed to be constant sales to the point where I remember people saying they would "just wait till it goes on sale".
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