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 The money was withdrawn from the company’s bank account.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.
Maybe he was attracted by some bollards?
Rene Herse put a delightful curve on their beautiful steel forks.
Any news yet? This reply is over a week old.
It would be if it were an affordable solution to implement, but it's not. Modifying traffic lights to accomplish that solution would cost an...
Yes. And the time passed and the publicity often mean the bandwagon has moved on by the time a judgment is handed down....
tbf its better than it was 25+ years ago, I always hated using that underpass by the tube station, and would get off a stop early and walk further...
When it comes to bollards, some drivers just cannot resist a challenge.
"Not waterproof Might not work with your fingering technique" Phrasing!
I have to say I've had the bog standard Garmin HRM for 10 years or so now, used several times per week, and it's still working perfectly
Thanks, that's the target. Or I could get a big hat.