bike industry Archives

bike industry

Chain Reaction Cycles announces closing of flagship Belfast store

The ripples of WiggleCRC entering administration continue, with the company launching an ‘everything must go’ sale at the store

Fri, Jan 12, 2024 17:38

“You have to dig in for the next three to five years”: What lies ahead for a struggling bike industry in 2024? More expert analysis, plus our Cycling Sgt. Pepper image discussed

With the bike industry facing severe headwinds as it enters 2024, we discuss its prospects for the year ahead with industry stalwart Rory Hitchens – and it’s not all doom and gloom. Plus, our majestic Sgt. Pepper year review image: a ‘Making Of’ special

Thu, Jan 11, 2024 17:42

Is another supply chain crisis about to hit the bike industry? Container shipping rates surge amid unrest in the Red Sea

The latest attacks by Houthi rebels along the crucial international trade route have caused the cost of shipments from Asia to Europe to soar, raising concerns for a struggling bike industry

Sun, Jan 07, 2024 20:57

Raleigh confirms redundancies and Nottingham headquarters move in “very difficult decision”

The iconic British cycling brand’s parent company also said its parts and accessories business will close and warehousing outsourced

Sun, Jan 07, 2024 16:56

Orange Bikes set to appoint administrator – weeks after folding racing team citing bike industry “uncertainty”

An update from the company said it is working with a "specialist business rescue advisory firm" to restructure the business to protect jobs in the hope of "ensuring the continuation and strength of the Orange Bikes business moving forwards"

Sat, Jan 06, 2024 19:57

WiggleCRC owed Haribo £20,000, plus millions of pounds to other cycling brands, administrator’s proposal document reveals

Figures published by the beleaguered online cycling retailer's administrator suggest £1 million was owed to two major cycling distributors, although some debts listed have now been paid

Wed, Jan 03, 2024 14:50

Discounting boosts Canyon’s sales – but squeezes profits

Company expects expects “challenging environment for the bike industry” to continue in 2024

Sat, Dec 23, 2023 10:49

Wiggle making “considerable trading profit” with administrators “optimistic” over sale of business

Update filed at Companies House says trading at online retailer “has been very positive”

Thu, Dec 21, 2023 13:00

2023 Dauphine Shimano neutral support – 10.jpeg

Investigation suggests workers at Shimano’s supplier subjected to “slavery-like” exploitation

Shimano’s Malaysian supplier has been accused of physical abuse and threats, unlawful salary deductions, and unpaid suspension

Thu, Dec 07, 2023 12:38

Wiggle Chain Reaction ditches international websites to focus on UK citing “rising international air freight costs and Brexit”

Administrators of business say that it is proving “incredibly attractive” to potential buyers as sale process continues

Fri, Dec 01, 2023 14:02