Raleigh’s Fall: A British Icon in Crisis | Nottingham News

Raleigh, the legendary British bike brand born in 1887, is heading into administration as its parent company Accell Group can no longer cover its debts. Once the world’s biggest bicycle maker and a symbol of 70s Britain with iconic models like the Chopper, Raleigh was acquired by the Dutch Accell Group in 2012 for €60 million and rebranded as Accell UK & Ireland Ltd. Despite restructuring efforts, the company posted a £30M loss in 2023 with around 130 employees — though exact numbers are now unclear. Local leaders, including councilor Milan Radulovic who helped bring Raleigh to Eastwood in the 90s, are devastated, calling it “another nail in the coffin of Great Britain.” An ex-employee called it a “phenomenal” workplace, heartbroken by its collapse. With a 10-day rescue window now open, business leaders are hoping to save jobs and preserve the legacy of this national treasure — a proud symbol of Nottingham and British manufacturing. 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/85889370313a6e1b