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Cycling Weekly
Cycling Weekly
Sport
Adam Becket

'Every realistic option for the future of the business has been tirelessly explored' – Owner of Raleigh and Lapierre enters insolvency proceedings

Raleigh Lapierre Accell United States Accell Group Group Netherlands
Raleigh Chopper mk 4.

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 payments, a form of insolvency, in the Netherlands.

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