Wiggle CRC Archives

Wiggle CRC

Evans begins 70% off sale on old Wiggle stock – as it’s revealed Frasers Group paid just £3m for struggling cycling retailer after initial deal collapsed

A private equity firm had agreed a deal last year to buy Wiggle CRC as a “going concern” but pulled out at the last minute, allowing Mike Ashley to swoop in and purchase the brand’s intellectual property rights for far below the originally reported £10m

Wed, May 29, 2024 14:59

Wiggle website relaunched following Frasers Group takeover (and the old orange logo is back)

Chain Reaction Cycles and Wiggle are back open for business this morning, now a cog in Mike Ashley's retail empire

Tue, Mar 26, 2024 10:09

Wiggle and Chain Reaction websites shut, with all remaining orders to be “fulfilled within 7-10 days”

One customer managed to bag 15 cycle computers at 99p each before Wiggle and Chain Reaction’s sites were replaced by holding pages yesterday, with all remaining stock and assets set to be sold by Friday

Wed, Mar 20, 2024 11:12

Final clear out as Wiggle Chain Reaction Cycles invites bids for remaining warehouse stock

The retailer, which appointed a liquidator this week, has invited interested parties to enter a sales process, with “best and final offers on the stock and assets of the business” expected by 22 March

Wed, Mar 13, 2024 18:17

Wiggle Chain Reaction parent company appoints liquidators

Latest update comes after Mike Ashley's Frasers Group, which also owns Evans Cycles and Sports Direct, reportedly bought WiggleCRC's brand and intellectual property for less than £10 million, leading to 450 job cuts

Tue, Mar 12, 2024 12:19

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

Frasers Group reportedly mulling bid for Wiggle after online retailer enters administration

Mike Ashley’s business already has presence in cycling market through Evans Cycles and ProBikeKit

Sat, Oct 28, 2023 17:42

“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

Fri, Oct 20, 2023 13:27

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

Thu, Oct 19, 2023 16:18

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