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    Raleigh Owner Accell Group Files for Insolvency

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    Accell Group, the owner of the 139-year-old bikemaker Raleigh, has filed to appoint administrators amid insolvency proceedings. The company, which acquired Raleigh in 2012, has struggled to find a viable solution despite exploring all options. Accell's CEO expressed deep sadness over the situation, emphasizing the impact on employees and stakeholders as they navigate this challenging process.
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