Owner of Raleigh bikes sold in €1.56 billion deal
US private equity firm KKR has bought Dutch bicycle company Accell Group
www.cyclingweekly.comThe Raleigh Bicycle Company notes a strong brand position during post-pandemic market pressures, and acknowledging inventory challenges and competition in the bicycle market; the company moved its Nottingham headquarters and carried strategic changes after a 2023 review aimed at recovery as demand normalizes. Separately, media coverage points to 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 stating a reshaped operation to sustain growth.
US private equity firm KKR has bought Dutch bicycle company Accell Group
www.cyclingweekly.comThe firm's directors say they expect the bicycle market will "remain competitive".
www.bbc.comBritish brand and parent company Accell Group suffer big losses as industry downturn continues post-COVID-19
www.cyclingnews.comThere has been much talk in the trade about the reshaping of Raleigh to fall in line with parent Accell's vision for business. Developing a household name in a
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