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Council Seeks Government Help for Raleigh
16 Aug
Summary
- Raleigh, a historic bicycle firm, has entered administration.
- A council plans to ask the government to buy the Raleigh name.
- The company once employed over 13,000 people at its peak.
The iconic British bicycle manufacturer, Raleigh, has recently entered administration, sparking efforts to preserve its legacy. Broxtowe Borough Council is planning to petition the government to intervene and purchase the renowned Raleigh name.
Council leader Milan Radulovic intends to collaborate with Raleigh's administrators to approach the Secretary of State for trade and industry. The goal is to secure the future of the historic brand.
Raleigh, established in 1887, experienced significant growth, becoming the world's largest bicycle company at its zenith in the 1970s, employing more than 13,000 individuals. However, manufacturing operations ceased at its Nottingham site in 2002, with production subsequently shifting overseas.
