The Bicycling Blues: A Cautionary Tale of Industry Decline The news that Accell, owner of iconic bike maker Raleigh, has filed for insolvency is a stark reminder of the tumultuous state of the cycling industry.
Behind the headlines lies a complex web of factors contributing to this decline. Raleigh's struggles are a microcosm of a larger trend.
Once the biggest bicycle manufacturer in the world, employing over 8,000 people at its peak, the company has been on a downward spiral since its acquisition by Accell in 2012 for $100 million.