Accell UK and Ireland, part of Netherlands-based Accell Group, filed a notice of intention to appoint administrators as the wider group kickstarted insolvency proceedings. The boss of Accell said it was a “deeply sad and frustrating situation” and that it had “tirelessly explored” every option for the future of the cycling business. The company bought…
Owner of 139-year-old bikemaker Raleigh files for insolvency Belfast Telegraph Read the original article here
New business registrations fall across NW, as does insolvency-related activity TheBusinessDesk.com Read the original article here
The owners of iconic British bike brand Raleigh and others including Lapierre, the Accell Group, has begun insolvency proceedings, it was announced on Wednesday. The Dutch company, which bought Raleigh for €100 million in 2012, said that every “realistic option for the future of the business has been tirelessly explored”. It entered a suspension of…
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Raleigh faces administration after parent company starts insolvency proceedings – Cycling News | Bike Reviews | road.cc Skip to content Read the original article here
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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…