Raleigh Bike Brand Faces Insolvency as Owner Seeks Solutions
The Netherlands-based Accell Group has initiated insolvency proceedings for the historic Raleigh bicycle brand after failing to find a buyer. The company's future now rests with administrators as it seeks a viable solution to continue operations.
Reports behind this story
Articles and publisher reports that informed this story.
Raleigh bike brand faces chop after owner begins insolvency proceedings
Fate of historic bicycle name in hands of administrators after Netherlands-based Accell Group fails to find buyer The bicycle company that owns the historic Raleigh brand has started insolvency proceedings after failing to find a buyer. The Netherlands-based Accell Group said on Wednesday it had called in administrators after it failed to find a viable solution to continue its operations in their current form. Continue reading...
Owner of bike maker Raleigh files for insolvency
Accell, based in the Netherlands, has owned the famous bike brand since 2012.