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Raleigh bike brand faces chop after owner begins insolvency proceedings

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Fate of historic bicycle name in hands of administrators after Netherlands-based Accell Group fails to find buyerThe 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.

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.

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Raleigh (ORG) Fate (PERSON) Netherlands (LOCATION) Accell Group (ORG)
Originally published by The Guardian UK Read original →