BBC News·3 min read·medium
Raleigh owner starts insolvency proceedings
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✦AI Summary
The parent company of the iconic British bicycle manufacturer Raleigh, Accell, has entered insolvency proceedings. The company cited an inability to meet financial obligations after years of restructuring and market difficulties.
Image source, PA Media Image caption, Raleigh created the famous Chopper and was once the biggest bike maker in the world
businesseconomy
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