Raleigh Faces Insolvency After Parent Company Collapse | Nottingham News

Raleigh, the legendary bike brand, is heading for insolvency as its parent company Accell Group admits it can’t fix its finances — despite major restructuring efforts. The Dutch firm has filed for administration, giving itself ten days to find a rescue plan while shielding creditors. With a £30M loss in 2023 and 130 UK staff, the news hits hard for employees and partners. CEO apologizes for the tough road ahead, saying all options were exhausted — and more updates are coming as they manage this messy exit. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bda0987333213c2b