Rapparee87
Retro Guru
Reported on cyclingnews that Raleigh have posted a loss of £30,000,000. But the management claim they're in a 'strong position'
So that's alright then.
So that's alright then.
Raleigh losses.
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minor_LEGEND
Senior Retro Guru
Raleigh is merely a marketing company & warehouse these days isn't it? The Nottingham factory shut years back. No doubt the share holders had a good year despite the news which the figures are a reflection of 2023 apparently, so 24 probably a bigger loss.
Blacktopdisciple
Retro Guru
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They closed down their parts wholesale business a couple of years ago. I believe they are still owned by Cycles Europe. I do hope they can get back on their feet but the strength of the name has weakened over the years.
bikeworkshop
Old School Grand Master
Given they are primarily a marketing/ branding exercise with 60-70 employees, a£30million loss is quite an achievement
Maybe a weak position is only losing around your total wages budget, probably less than a tenth of this achievement.
Maybe a weak position is only losing around your total wages budget, probably less than a tenth of this achievement.
Raleigh is part of a bigger company owned by a bigger company......
https://www.reuters.com/business/bi...ro-takeover-by-kkr-led-consortium-2022-01-24/
https://www.reuters.com/business/bi...ro-takeover-by-kkr-led-consortium-2022-01-24/
Cloverleaf
Retro Guru
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Part of the issue with a lot of stuff in this world these days. Everything is owned either offshore, or at least outside the UK, and by people who have very little skin in the game. Any wins are stripped out and pocketed while any losses are simply part of the spread betting approach. There's no fight to protect things for the future, or to be sustainable, and bigger risks are taken in an attempt to strengthen their position against the competition. While I still buy stuff from Amazon and Tesco I'm becoming much more selective where I can be in buying from independents these days because I'd rather than money went into someone's pocket who has actually worked for it, rather than someone who gets a dividend from the profits simply because that company is big enough to play silly buggers with the tax rules. Sadly with outdoor sports becoming 'trendy' amongst the mass of the middle classes, investment consortiums are realising that there is a lot of money to be made and so lots of companies have been bought up and added to a portfolio. Arcteryx, Salomon, Suunto are now all brands that I avoid because they're part of the same toxic group that also own Mavic and Enve.
sjcprojects
Orange 🍊 Fan
Mavic were briefly owned by a private equity group, but they are now owned by a French investment firm. Enve were also sold to a private equity firm last year, apparently.
Raleigh has stopped being a proper bike company for long enough now that I’m not sure anyone really cares any more, do they?
Cloverleaf
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Ahh, I hadn't realised that, I pay very little attention to any MTB media these days. Not sure the Enve move is an improvement but at least Mavic are still French. Then again neither produce anything for me these days anyway; Mavic rims are far from the best, their full wheels obsolete within a few years, and Enve are one of the worst carbon rims out there (and expensive).
It's a real shame how many classic British manufacturers have fallen by the way side, even the ones which were household names. Then again the fine line to tread between stagnating and taking too many risks to progress is pretty fine, especially against an increasingly fickle and image conscious public who don't seem particularly interested in sentiment.
On the subject of Mavic,
" ...a rich history and community of passionate cyclists..."
https://bikebiz.com/101952-2/
" ...a rich history and community of passionate cyclists..."
https://bikebiz.com/101952-2/
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