The company bought Raleigh in 2012 for around 100 million US dollars (£74 million), adding to its roster of bike brands throughout Europe including Haibike, Winora and Ghost.
The 139-year-old British bikemaker was founded in Nottingham in 1887 and became well-known for its Chopper model, which featured extended handlebars and is now part of its “retro” range.
Raleigh was bought by the Netherlands-based Accell Group in 2012. (Image: PA)
Chief executive of Accell Group, Jonas Nilsson, said: “This is a deeply sad and frustrating situation given all the hard work and everything we have achieved, with the support of shareholders and lenders, to restructure Accell’s operations and finances.
“It is an especially…