Raleigh owner starts insolvency proceedings
Accell, based in the Netherlands, has owned the famous bike brand since 2012.
Accell, the Dutch company that owns Raleigh bike manufacturer, has initiated insolvency proceedings, according to reports. Raleigh, a British brand founded in 1887, was acquired by Accell for $100 million in 2012. Despite efforts to restructure operations and finances, Accell has exhausted all available options and cannot meet its financial obligations.
Raleigh suffered a £30 million loss in its accounts released a year after the redundancies in 2024. Chief executive Jonas Nilsson expressed sadness and frustration over the situation, emphasizing that every realistic option to continue the business in its current form had been explored. Accell is now working to ensure an orderly process and preserve viable activities and employment.
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