Raleigh bike brand faces chop after owner begins insolvency proceedings

Accell, the business that owns iconic Nottingham bike manufacturer Raleigh has begun insolvency proceedings.

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.

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, 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’