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Cycling Weekly
Cycling Weekly
Sport
Adam Becket

Raleigh and Lapierre owner declared bankrupt, potential sale to Irish company on horizon

Lapierre Raleigh Company Accell Group
A Raleigh Chopper.

The owner of iconic British bike company Raleigh and French brand Lapierre, the Accell Group, has been declared bankrupt, according to reports in the Netherlands.

An Amsterdam court declared the Dutch parts of the company bankrupt this week, the NL Times reported, after insolvency proceedings were begun last week.

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