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 The money was withdrawn from the company’s bank account.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."
Raleigh Roker Pro review
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.
"Causing serious injury by dangerous driving and grievous bodily harm with intent" That's an odd way of describing attempted murder
Campagnolo "hub cap" tools for Record-style hubs should be on the list. They're expensive and not something you need very often, but the...
Really sad for all the staff who have lost their jobs, especially if the above is true and minimum legal notice periods were not met etc. Like the...
You can't have fresh water because I want to drive my car:...
Isn't it the end user that should be choosing? The developer is providing what is requested (presumably based on feedback, marketing dept and so on...
These things happen so often yet every single one of them still produces a sickening feeling when I read about it....
Winter sucking in air through the mouth, soon will breathe in the first bug, then trying to get enough air through the nose until winter comes...
Since pedestrians don't yet have to wear number plates perhaps I need to get some signs made up with his face on them and zip tie them to the lamp...
Yes. They don't change from year to year.
Great to read about someone who knows their own mind. Well done Stu!