bike industry Archives

bike industry

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

2024 Giant Defy Advanced SL 0 – front.jpg

“Weak demand” in Europe and US sees Giant’s profits fall by 49%, as Merida’s profits drop by 26%

The Taiwanese manufacturer says that, despite short-term challenges, demand for performance-level products “remains strong”

Wed, Nov 22, 2023 18:54

The rise & fall of GCN+ – is the livestream party over for cycling fans?

Only launched in 2021, GCN+ and the GCN app are already leaving the room due to a “changing media industry landscape”

Thu, Nov 16, 2023 11:23

Rapha Clubhouse London (copyright Simon MacMichael)

Rapha announces loss of £12 million, citing cost of living and supply chain concerns

The premium cycling clothing company has now posted a loss for the sixth year running, however an independent auditor identified no uncertainties which could cast a doubt on Rapha's future

Fri, Nov 03, 2023 16:01

What the hell is going on in the bike industry? Wiggle Chain Reaction turmoil discussed plus pro cycling’s idiot problem on the road.cc Podcast

As rumours swirl that Wiggle Chain Reaction has stopped paying its suppliers, we break down what's happening with bike industry stalwart Rory Hitchens

Fri, Oct 20, 2023 15:18

Wiggle Chain Reaction owner woes continue following “unjustified” withdrawal of €150m funding commitment by parent company

The latest financial blow, which increases the uncertainty surrounding Signa Sports United’s future, comes a week after the e-commerce giant delisted its shares amid “severe liquidity and profitability challenges”

Wed, Oct 18, 2023 10:34