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 The money was withdrawn from the company’s bank account.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.
Given that the usual formula for road damage is proportional to axle weight to the fourth power - they do a lot more damage per person....
in the UK we have policing which to a greater or lesser extent relies on assistance from members of the public......
You need to try a different shop - my Bonts were sold as a pair
This is tech doing it's job, extracting money from punters.
I never pay attention to Facebook suggestions/ads, but the very beautiful and clever split frame design in a Feather Cyles post caught my eye. It...
Maybe take some drugs to calm your nerves...
So...don't cycle on it. Lots of other routes around that area. Source: I used to work there.
Armando Iannucci "Today is Day One of humanity’s Idiolithic Era."
My photochromic specs have just turned up in the post today
Downhill Alpe d'Huez TT would be _awesome_. And someone should organise one for real!...