Iconic Nottingham bike manufacturer Raleigh sees £30m losses
The firm's directors say they expect the bicycle market will "remain competitive".
www.bbc.comRaleigh states a robust brand stance during post-pandemic market pressures, with acknowledgment of inventory challenges and competition in the bicycle market; the company relocated its Nottingham headquarters and carried out strategic changes after a 2023 review to set up Raleigh for recovery. Separately, media coverage highlights ownership changes in Accell Group's history, including a 2022 sale to a private equity firm, situating Raleigh within Accell's portfolio. Retailers remain essential to the bicycle market as the market recovers, as leadership highlighting a restructured business for sustained growth.