, Ghost and numerous other bike brands, says its parts and accessories inventory is already back to normal and bike inventory levels are expected to reach the same point by the end of the year.
However, Accell Group has reported its inventory levels are back to normal levels and also reached agreement with a majority of its financial stakeholders to reduce its debt by approximately 40 per cent, €600 million of a total €1.4 billion, and it will see around €235 million in additional cash funding available to the business.
Those cost-cutting actions mentioned above include the merging of facilities in its European production, cutting jobs and moving some production to Hungary and Turkey from the Netherlands.
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