Latest news with #AccellGroup
The Verge
5 days ago
- Automotive
- The Verge
VanMoof's co-founders have a new e-bike coming from Raleigh
Ties and Taco Carlier, who founded VanMoof as an alternative to Big Bike, are working for Accell Group, the Dutch cycling giant responsible for over a dozen bicycle brands including Batavus, Sparta, Carqon, and Raleigh. According to multiple sources, the first e-bike, developed for the Raleigh brand and pictured above, is nearing completion. The bike's development has been an open secret in my home city of Amsterdam. It's here that the brothers founded VanMoof in 2009, before the heavily-funded startup went bankrupt in 2023. It re-emerged later that year without its co-founders under McLaren Applied's stewardship. Various prototypes of the brand-less e-bike have been spotted in and around the city over the last year — sometimes nearby the home of one of the brothers. The prototypes match images of a Raleigh-branded e-bike that recently leaked. Those images were inadvertently made public (and later removed) by Amsterdam-based Uni_verse Studio, the digital production house that lists VanMoof as a client. The Raleigh commuter e-bike looks very VanMoof-ish, only better: the battery is removable for charging, it's belt driven, and the motor has been moved to the rear wheel. The result is an e-bike that closely resembles the Tenways CGO009. When I reached out to Raleigh for comment, Accell Group Brand Lead Ertu Bilgin said that the e-bike was developed with help from 'some former VanMoof team members,' but it's 'very much a product of the Accell Group.' In 2022, the Accell Group reportedly turned down a financial stake in VanMoof when approached by the rival co-founders, desperate for capital to offset almost €150 million in debt. With this new Raleigh e-bike, it would seem that Accell managed to avoid the sickly cow and still get its milk for free.
Daily Mail
6 days ago
- Business
- Daily Mail
New B&M boss scoops up £523k of discounted shares ahead of starting the job
The new chief executive of embattled discounter B&M Retail scooped up almost 200,000 shares in the group ahead of his first day on the job. Tjeerd Jegen took on the top job from interim boss Mike Schmidt on Wednesday, having previously help leadership roles with Tesco, Australia's Woolworths, and more recently, Accell Group. He joins at a tough time for B&M, which has seen profits come under pressure from a weak consumer environment and growing competition from other discounters. Regulatory filings published on Tuesday show Jegen bought 197,900 B&M shares in total between 10 and 13 June at roughly £2.61 to £2.70 each, building a stake worth £523,559.60. Retail industry veteran Jegen is considered an effective turnaround specialist. His B&M stake could prove lucrative if he manages to right the ship and improve the group's fortune, with its value having plummeted 55 per cent since the beginning of December 2023. B&M shares were up 1.8 per cent to 260.4p by late morning on Tuesday. Group revenue rose 3.7 per cent to £5.6billion last year, largely thanks to new store openings, but profits fell 13 per cent to £431million. B&M's margins have come under pressure as it has cut prices after its lower income customers have been squeezed by inflation, higher household bills, and lower wage growth compared to higher earnings Britons. The group still hopes to open 45 UK stores this year, with new locations including include Bridgend, Chatham and Cromer, after 45 were opened last year.
Times
15-05-2025
- Business
- Times
Ex-Tesco executive Tjeerd Jegen to head B&M European Value Retail
A seasoned retail executive with experience at Tesco has been appointed as the new chief executive of B&M European Value Retail. Tjeerd Jegen, most recently the boss of Accell Group, Europe's largest ebike manufacturer, will take over from interim chief executive Mike Schmidt on June 16. In February the discount retailer announced that Alex Russo would retire as chief executive after three years in the role as it cut full-year profit forecasts to reflect 'the current trading performance of the business, an uncertain economic outlook and the potential impact of exchange rate volatility on the valuation of our stock'. Jegen has held roles at Takko Fashion, a German discount fashion retailer, Hema, a Dutch retailer, and Woolworths in Australia. He was chief executive of Tesco
