Signa Sports United Archives

Signa Sports United

Wiggle Chain Reaction’s sales process launched by administrators, with “considerable interest” shown by potential buyers

The sale process is expected to gather pace rapidly, as Hotlines, also owned by WiggleCRC’s parent company, has also entered administration

Wiggle Chain Reaction administrators announce 105 job cuts amid interest from potential buyers

The joint administrators, who are currently preparing the business for sale, said the “decision was not taken lightly”, in the same week Wiggle’s parent company filed for insolvency in Germany

More bad news for Wiggle Chain Reaction as parent company files for insolvency

The latest blow for the cycling retail giant will not come as a surprise, days after Wiggle Chain Reaction entered administration and was put up for sale by administrators

Wiggle Chain Reaction put up for sale by administrators, as expert warns collapse is “just the start of big changes” across bike industry

The retail giant, whose parent company found out last week that it can no longer rely on €150 million of previously committed funding, has said all orders “will continue to be delivered as usual”

Latest blow for Wiggle Chain Reaction as parent company closes US offices and prepares insolvency filings

Signa Sports United, the owner of Wiggle Chain Reaction Cycles and several other cycling retailers, last week learnt that it could no longer rely on €150 million of committed funding from its parent company

“I hope anyone who bought recently used a credit card”: Black Friday begins at Wiggle Chain Reaction Cycles… but is it safe to spend with the troubled retail giant?

As rumours spread the beleaguered retail giant has stopped paying suppliers, we give our tips on how not to lose your hard-earned cash should Black Friday turn blacker

Wiggle reportedly heading towards administration due to parent company funding woes

Meanwhile, Mike Ashley’s Frasers Group identified as prime candidate to swoop for e-commerce business

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”

Wiggle and Chain Reaction owner facing “severe liquidity and profitability challenges” as it announces delisting of shares

The German e-commerce giant, also behind Bikester and Probikeshop, said that weaker consumer demand in the cycling sector has continued to impact its finances

Brexit, Covid, and economic uncertainty blamed as Wiggle Chain Reaction Cycles records £97 million loss

Overall revenue for the group, which was bought by German retailer Signa Sports United in 2021, also fell by 30 percent to £252 million