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 administrator

Accell, based in the Netherlands, acquired Raleigh for $100million in 2012 but said this week it had 'exhausted all the available options' and could not find a buyer.

Accell, based in the Netherlands, has owned the famous bike brand since 2012.

Accell UK and Ireland (part of the Netherlands-based Accell Group), which is responsible for British bikemaker Raleigh, has filed for administration.

THE company behind Nottinghamshire-based bikemaker Raleigh, which was founded 139 years ago, has filed to appoint administrators

The boss of owner Accell Group said it was a ‘deeply sad and frustrating situation’.

The boss of owner Accell Group said it was a ‘deeply sad and frustrating situation’.

The boss of owner Accell Group said it was a ‘deeply sad and frustrating situation’.