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 The money was withdrawn from the company’s bank account.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.
As I note, Notts for one are doing a trial on this. https://www.nottinghamshire.gov.uk/transport/travel-notts/electric-vehic...
More malicious compliance: perhaps one day per year could be nominated as "here's what you get when you discourage active travel" day. All those...
From STATS19 data for 2011 - 2016, there were 20 pedestrian deaths from collisions involving cyclists. Of those 20, 4 assiged a factor to the...
There is so much prior art of things that use standard sized removable batteries that I have difficulty seeing this. I'd like to see Shimano or...
Don't worry, we've got your 40,000 actually killed over here in the USA. Hell, we had over 1711 in 2023 just in Georgia, a state with 1/6 the...
Roger. Thanks for the correction
Here's the video referenced, from a year ago.
Why does the shopping centre even need two entrances? There appears to be one planned for Herries Rd / A6102, it would only be 0.4 miles / 0.6 km...
You can't trust those weights to be perfect. You don't know what type of BB each total includes, cassette/chainring sizes, etc. It's always hard to...