Owner of Raleigh bikes files for insolvency after 139 years
Accell UK and Ireland, part of the Netherlands-based Accell Group, filed a notice of intention to appoint administrators. The company, which acquired Raleigh for around $100 million (£74 million) in 2012, has initiated insolvency proceedings in the Netherlands. Jonas Nilsson, chief executive of Accell Group, said: “This is a deeply sad and frustrating situation given…