The owner of iconic British bike company Raleigh and French brand Lapierre, the Accell Group, has been declared bankrupt, according to reports in the Netherlands.
An Amsterdam court declared the Dutch parts of the company bankrupt this week, the NL Times reported, after insolvency proceedings were begun last week.
However, there is hope on the horizon, with Irish-based investment firm, Quanta Capital, publicly expressing an interest in buying the entire group.
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Other brands within Accell’s stable include Batavus, Sparta, Koga, Haibike, Winora, Ghost, Babboe and XLC.
This week, the bankruptcy trustees wrote: “In addition, there is a complex situation within the European Accell Group, with group companies in…