Raleigh Bicycle Owner Accell Begins Insolvency Proceedings
Dutch parent company Accell says it has exhausted all available options and cannot meet financial obligations.
En resumen
Accell, the Dutch owner of iconic Nottingham bike manufacturer Raleigh, has entered insolvency proceedings after failing to meet financial obligations following years of losses.
Resumen generado por IA
Por qué importa
Accell bought Raleigh for $100m in 2012. Raleigh faced redundancies in 2024 and losses of £30m.
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 redundancies in 2024 and losses of £30m in accounts released the following year.
Jonas Nilsson, chief executive of Accell, said it was "a deeply sad and frustrating situation".
Preguntas abiertas
- What will happen to Raleigh jobs and manufacturing?
- Will Raleigh be sold to a new owner?
