'Every realistic option for the future of the business has been tirelessly explored' – Owner of Raleigh and Lapierre enters insolvency proceedings
Accell Group granted suspension of payments in the Netherlands
The owners of the British bicycle brand Raleigh and other entities, including Lapierre and the Accell Group, have initiated insolvency proceedings, according to a statement released on Wednesday. The Dutch corporation, which acquired Raleigh for €100 million in 2012, revealed that they had explored every "realistic option" for the business's future, with no viable solutions found to maintain operations in their present state.
Raleigh, established in Nottingham in 1885, is renowned for iconic designs such as the Raleigh Chopper and had sponsored the TI-Raleigh squad, which secured the Tour de France title in 1980. The Accell Group, encompassing various subsidiaries like Haibike, Winora, Ghost, Batavus, Koga, Sparta, Babboe, and Carqon, has faced challenging years, including workforce reductions in 2024 and losses reported last year.
The group's CEO, Jonas Nilsson, expressed deep sorrow and frustration over the situation, acknowledging the significant efforts made to restructure Accell's operations and finances. The company has requested an orderly process to preserve viable activities and employment where possible, with immediate attention directed towards the insolvency proceedings.
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