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Walmart heirs buy majority stake in British bikewear brand
Rapha, the upmarket and trendy British bikewear brand, has been sold to two grandsons of Sam Walton, founder of Wal-Mart Stores. Rapha, founded by branding consultant and lifelong cyclist Simon Mottram in 2004, has been sold to RZC Investments, a private equity firm run by Steuart and Tom Walton, who are reported to be committed mountain bikers. The firm also has an investment in bike maker Allied Cycle Works, based in Little Rock, Ark. -
Chain Store Age names newest members to SPECS ‘Ambassadors Club’
In 2016, Chain Store Age unveiled its first-ever SPECS Ambassadors Club, created to recognize selected retail executives who have made significant contributions to the industry and to SPECS. Produced by CSA, SPECS is attended by retail and food-service executives who plan, design, build, and maintain stores and restaurants nationwide.

