Accell Sells Registration in Canada of Major Brands to Country’s Biggest Bike Retailer

HEERENVEEN, Netherlands – Last Friday Accell Group NV announced that it has reached agreement on the sale of its Canadian brand registrations of Raleigh, Diamondback, Redline and IZIP to Canadian Tire Corporation; the country’s biggest bike retailer. The sale (for USD 16 million – 14.2m euro) is part of Accell’s strategic review of its North American business operations which was announced in December 2018.