Iconic Nottingham bike manufacturer Raleigh sees £30m losses
The firm's directors say they expect the bicycle market will "remain competitive".
www.bbc.comRaleigh notes a solid brand image amid post-pandemic market pressures, with acknowledgment of inventory challenges and competition in the bicycle market; the company shifted its Nottingham headquarters and carried out strategic changes after a 2023 review aimed at recovery as demand normalizes. Separately, media coverage notes ownership changes in Accell Group's history, including a 2022 sale to a private equity firm, situating Raleigh within Accell's portfolio. The independent retailer remains vital to the industry as the market recovers, with leadership stating a restructured business for recovery.