Raleigh bike brand faces chop after owner begins insolvency proceedings

Accell, based in the Netherlands, acquired Raleigh for $100million in 2012 but said this week it had 'exhausted all the available options' and could not find a buyer. Accell, based in the Netherlands, acquired Raleigh for $100million in 2012 but said this week it had 'exhausted all the available options' and could not find a buyer.