The well-known - especially to those who lived and cycled in the 70s and 80s - Raleigh bicycle company, which also manufactured the legendary Chopper bicycle, started bankruptcy proceedings, after failing to find a buyer.
The Accell group, based in the Netherlands, announced on Wednesday that it had called in managers after failing to find a viable solution to continue its operations.
Raleigh was founded in 1887 and has grown to become the largest bicycle manufacturing company in the world. At its peak, it manufactured 1 million bicycles a year at its Nottingham factory and employed more than 8,000 people.
He also manufactured, among other things, the famous Raleigh Chopper bicycle, which was released in 1969 and became a symbol of pop culture and youth in the 70s and later. It was inspired by the American motorcycles of the time, with an elongated saddle - "banana seat" type - with a small backrest, high handlebars and with wheels of different sizes front and rear.
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