Raleigh bike brand faces chop after owner begins insolvency proceedings

Fate of historic bicycle name in hands of administrators after Netherlands-based Accell Group fails to find buyer

The bicycle company that owns the historic Raleigh brand has started insolvency proceedings after failing to find a buyer.

The Netherlands-based Accell Group said on Wednesday it had called in administrators after it failed to find a viable solution to continue its operations in their current form.