Raleigh is likely the first brand many people think of when they think of biking. For some, it may be the only bike brand they know. So it may be a shock for them to hear that such an iconic name, with a legacy of Tour De France and Olympic-level success, has gone out of business.
But it has.
Last week its parent company – Accell Group – filed for insolvency, putting the brand’s future in doubt.
But as surprising a turn of events as this may seem to the casual biker, those paying close attention to the industry are unlikely to have been all that surprised.
Because at the elite level, Raleigh hasn’t been a force for close to 30 years now – and that’s often a bit of a red flag when it comes to a sporting…