Accell, Owner of Bicycle Brand Raleigh, Starts Insolvency Proceedings

3-line summary

• Accell, the owner of bicycle brand Raleigh, started insolvency proceedings, according to a BBC report.
• Accell CEO Jonas Nilsson said every realistic option for the business's future had been explored but none resulted in a solution to continue the group in its current form, according to the report.

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