Raleigh Bike Owner Accell Group Files for Insolvency, Threatening Hundreds of Jobs
Accell Group, the Dutch owner of Raleigh and other major bicycle brands, has initiated insolvency proceedings, putting hundreds of jobs at risk across its European operations, including a factory in Hungary. The company cites a shortage of parts and other issues for its financial difficulties.
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Raleigh owner starts insolvency proceedings
Accell, based in the Netherlands, has owned the famous bike brand since 2012.
Read full article →Raleigh bike brand faces chop after owner begins insolvency proceedings
Fate of historic bicycle name in hands of administrators after Netherlands-based Accell Group fails to find buyer The bicycle company that owns the historic Raleigh brand has started insolvency proceedings after failing to find a buyer. The Netherlands-based Accell Group said on Wednesday it had called in administrators after it failed to find a viable solution to continue its operations in their current form. Continue reading...
By Jasper Jolly
Read full article →Owner of 139-year-old bikemaker Raleigh files for insolvency
The boss of owner Accell Group said it was a ‘deeply sad and frustrating situation’.
By Anna Wise
Read full article →Travel agency files for bankruptcy, dozens of flights canceled - thestreet.com
Travel agency files for bankruptcy, dozens of flights canceled thestreet.com
Read full article →End of a cycling empire? Bike maker Accell at risk of bankruptcy
Accell, one of the Netherlands’ biggest bicycle groups, has been granted protection from its creditors to hold off the risk...
By Louis Gore-Langton
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