Accell Group, the owner of Raleigh UK, has said that an employee in Taiwan may have stolen as much as 4 million euros, reports BikeBiz. The money was withdrawn from the company’s bank account.
René Takens, CEO of Accell Group, told Bicycle Retailer that investigations were ongoing.
"The theft is obviously a disappointment to us. Preliminary investigations indicate that this is an isolated incident, which will not affect the company's operational profitability. At the same time, it does indicate we need to strengthen our control systems even further."
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Takens said that the company's results for the second half of 2015 would actually still be in line with projections due to higher than expected sales and profits. He said that a continued rise in sales of electric sports bikes (e-MTBs) in various European countries had been a major reason for this.
As well as Raleigh, Accell Group’s brands include Batavus, Sparta, Koga, Loekie, Ghost, Haibike, Winora, Diamondback, Lapierre, Tunturi, Atala, Redline and XLC.
Bloody hell... How are you doing now?
And I liked endura too. Got a nice long sleeve mostly merino long sleeve a little while back, in orange.
No, the Ebay lights have been around for several years, this Lezyne light just appeared.
They shouldn't worry - the second part of the "tariff" refrain is "they can make it in US and they'll do very well".
"At the going down of the sun, it will get in our eyes and cause us to crash into things."
Been living in the area thirty years now and Brixton Cycles (and local riders wearing their famed Rastafarian colours jersey) has been an iconic...
Does the "super-loud yellow" also help alert (non-deaf / non-earbud-wearing) pedestrians? Or will it just mean dogs bark at me?
One thing that bothers me is the use of antidepressant med and driving, it never gets picked up by police. Most of these types of medicines state...
Indeed - but again these are perhaps questions we should keep asking. Even if the immediate answer is "well we are where we are" or "how on earth...