The Netherlands-based Accell Group, owner of the Raleigh bicycle brand, starts insolvency proceedings after it says it cannot find a buyer. Accell bought Raleigh in 2012 for about $100 million and later determined that it has exhausted available options to continue the business in its current form. The company says it has called in administrators and that the future of the Raleigh brand is now in their hands. Multiple outlets report that Accell’s decision follows its inability to secure a viable solution to keep operations running, including finding an external buyer. Administrators are expected to assess the situation and consider options for the business and its assets, including the historic Raleigh name. The reports do not indicate any confirmed buyer or sale at the time of publication. Overall, the coverage focuses on Accell’s insolvency move and the resulting role of administrators in deciding the brand’s next steps.