Dutch bicycle maker Accell Group is initiating insolvency proceedings just months after the private group KKR and its backers ceded control of the business to lenders following a €1.8bn bet. The parent company of Raleigh, Lapierre, Babboe, Haibike and more says it is no longer able to meet its financial obligations. A suspension of payments…
Haibike, Ghost, Lapierre, Raleigh: Accell Group enters insolvency proceedings singletrackworld.com Read the original article here
The company that owns iconic Nottingham bike manufacturer Raleigh has begun insolvency proceedings. Accell, based in the Netherlands, bought Raleigh for $100m in 2012 but said on Wednesday it had “exhausted all the available options” and was “no longer able to meet its financial obligations”. It comes after a difficult period for Raleigh, which saw…
The company that owns iconic Nottingham bike manufacturer Raleigh has begun insolvency proceedings. Accell, based in the Netherlands, bought Raleigh for $100m in 2012 but said on Wednesday it had “exhausted all the available options” and was “no longer able to meet its financial obligations”. It comes after a difficult period for Raleigh, which saw…
Raleigh was founded in Nottingham in 1887 and at one stage was the biggest bicycle maker in the world, employing about 8,000 people at its peak. It was sold to Accell in 2012 to join its roster of European bike brands, including Haibike, Winora and Ghost. Having stopped making bikes in the city decades ago,…
Springboks clash hit by sudden exit and Lawrence Dallaglio announcement made walesonline.co.uk Read the original article here
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Owner of Raleigh brand collapses into insolvency proceedings thebusinessdesk.com Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…