Wiggle Archives

Wiggle

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

Tue, Oct 31, 2023 12:38

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”

Fri, Oct 27, 2023 10:07

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

Mon, Oct 23, 2023 12:31

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

“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

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

Thu, Oct 12, 2023 12:26

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

Fri, Sep 01, 2023 11:30

Gifts for cyclists — last minute Christmas gifts, very last minute Christmas gifts + lots more for your bike-riding loved one

All you need to know if you've left it late: winning cycling gift ideas, final purchase dates for online retailers and major brands, plus other vital present-buying information

Mon, Dec 12, 2022 16:29