Iconic Nottingham bike manufacturer Raleigh sees £30m losses
The firm's directors say they expect the bicycle market will "remain competitive".
www.bbc.comThe Raleigh Bicycle Company reports a robust brand stance during post-pandemic market pressures, and acknowledging inventory challenges and competition in the bicycle market; the company relocated its Nottingham headquarters and carried strategic changes after a 2023 review to position Raleigh for recovery. Separately, media coverage highlights ownership changes in Accell Group's history, including a 2022 sale to a private equity firm, which underpins Raleigh within Accell's portfolio. Independent retailers continue to be key to cycling as market conditions stabilize, with leadership emphasizing a reorganized company for recovery.