Owner of Raleigh bikes sold in €1.56 billion deal
US private equity firm KKR has bought Dutch bicycle company Accell Group
www.cyclingweekly.comRaleigh reports a solid brand image during post-pandemic market pressures, while acknowledging inventory challenges and competition in the bicycle market; the company moved its Nottingham headquarters and carried 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, contextualizing Raleigh within Accell's portfolio. Independent retailers continue to be key to cycling as demand normalizes, with leadership stating a restructured business for sustained 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.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
cyclingindustry.newsBritish brand and parent company Accell Group suffer big losses as industry downturn continues post-COVID-19
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