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Raleigh bikes face chop after owner begins 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.
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theverge.com
Maker of Sparta, Batavus, and Raleigh bikes has started insolvency proceedings.
Accell Group is the latest victim of Bikeaggedon: the turmoil created by soaring e-bike demand at the onset of covid, followed by a collapse of the supply chain, and then a period…
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independent.co.uk
Owner of 139-year-old bikemaker Raleigh files for insolvency
The boss of owner Accell Group said it was a ‘deeply sad and frustrating situation’.
