Parent company of Lapierre and Raleigh initiates insolvency proceedings, putting major brands at risk

Dutch bicycle conglomerate Accell, which owns a number of well-known brands, has been granted a suspension of payments, thereby beginning insolvency proceedings. While the company describe themselves as “Europe’s market leader in e-bikes and second largest in bicycle parts and accessories”, they own French race bike manufacturer Lapierre, which provides bikes to men’s and women’s…

Richlist Nakhle family court battle: Judge liquidates insolvent horseracing companies

Daniel accepted pumping money into the two entities through companies he controls and proposed continuing to source funding to cover the companies’ operating expenses. Daniel disputed the family’s misappropriation allegations and argued Henriette had engineered the deadlock, meaning she did not have “clean hands” in seeking liquidation. However, Justice Grant Powell rejected Daniel’s “clean hands”…

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…

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…

Unclarity surrounding BFG Supply

Unclarity surrounds the status of North American greenhouse distributor BFG Supply, with a number of employees publicly announcing on LinkedIn that they are looking for new roles. With a history of more than 50 years, BFG Supply is one of the longest-standing brands in the North American horticultural industry. Only last month, the company…

Heliospectra declared bankrupt

Heliospectra AB filed for bankruptcy on July 27, 2026. The Gothenburg District Court approved the application later that day and declared the Swedish company bankrupt. As a result, Heliospectra’s shares have been delisted from the Nasdaq First North Growth Market. Christian Andersch, Attorney-at-Law at Setterwalls Advokatbyrå AB in Gothenburg, has been appointed as bankruptcy…