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 WorldTour squads, Picnic-PostNL.