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7 Nov 2024

Accell Group, owner of Raleigh, Lapierre, Babboe, and other bike brands, has announced that its parts and accessories inventory levels are back to normal, with bike inventory expected to follow...

7 Nov 2024

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Glasgow is set to receive a substantial boost for cycling infrastructure and community facilities, with over £500,000 of funding to be provided to two major projects.

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ACT members won numerous awards and dominated certain category nominations at last week’s BikeBiz Awards 2024 in Birmingham.

1 Nov 2024

Independent retailers across Britain have reacted with dismay to yesterday's Budget, with many warning of store closures, job losses and cancelled expansion plans.

30 Oct 2024

The British Independent Retailers Association (Bira) and the ACT have condemned today's Budget as the most damaging for independent retailers in recent memory, with...

30 Oct 2024

Retailers and hospitality businesses are paying three times their economic share in business rates, according to analysis by the British Retail Consortium (BRC) and UK Hospitality.

30 Oct 2024

eBay is tightening regulations on e-bike and e-bike battery sales in the UK from 31 October, in a change aimed at prioritising consumer safety.

30 Oct 2024

ACT parent company Bira is working with UK Finance and other organisations who form the UK’s wholesale cash industry to gain vital information to ensure businesses get the best possible...

29 Oct 2024

Eighteen organisations, including Cycling UK, Greenpeace, The Centre for Mental Health, and The Association of Directors of Public Health, have urged the Chancellor to allocate 10% of the...

Raleigh owner says inventory levels 'back to normal' as it agrees debt reduction measures

Posted on in Business News , Cycles News

Accell Group, owner of Raleigh, Lapierre, Babboe, and other bike brands, has announced that its parts and accessories inventory levels are back to normal, with bike inventory expected to follow by the end of this year.

Accell Group Bike Inventory

The news marks a significant recovery from the post-pandemic challenges faced by the cycling industry, where high inventory levels and excess stock became a major issue after the initial surge in demand faded.

The Dutch cycling  giant has also reached an agreement to reduce its debt by €600 million (£500 million), roughly 40% of its total debt. The debt restructuring, supported by major stakeholders, will provide Accell with €235 million (£196 million) in additional cash funding, giving the company a stronger financial foundation moving forward.

Tjeerd Jegen, CEO of Accell Group, said: "This [the measures] provide us with a sustainable financial structure, a strengthened liquidity position, and an ability to invest in the future. The confidence shown by our stakeholders supports the optimistic long-term outlook for the bike market."

Accell Group’s announcement of inventory stabilisation is hoped to be a positive indicator for the broader cycling sector, including other manufacturers and suppliers that have grappled with high stock levels.

This news comes amid a restructuring process at Raleigh’s Nottingham headquarters, which recently resulted in redundancies as part of a broader effort to streamline Accell’s European operations.

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