STUTTGART, Germany - In less than a month after the Fraser Group announced the takeover of Wiggle and Chain Reaction, the UK online business of Signa Sports United, the insolvency administrator reports the acquisition of a part of the German online business of former giant Signa Sports United. The new owner of the platforms Fahrrad.de and Bikester is Koehler Group Holding GmbH.
BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim assessment of the insolvency proceedings has revealed. This raises concerns about the continuity of the brands under the Internetstores Group umbrella, potentially putting numerous jobs at risk.
ZEIST, The Netherlands - In contrast to recent years where the 'best read' items on Bike Europe were related to high-level investments and buoyant market developments, 2023 marked a vivid turning point. This year was notable for bankruptcies, closures and concerns over financial positioning. Bike Europe looks back on the main stories which attracted interest this year…
PORTSMOUTH, UK - Recent developments at WiggleCRC have taken a dramatic course as the company announced it will close down all its international activities. Once at the forefront as 'the' example of how to operate a global webshop, the company has lost its momentum on the overseas markets.
BERLIN, Germany - The inevitable announcement of the end of online retail giant Signa Sports United N.V. has come after a period of endless speculation. The parent of some online platforms including Wiggle, Chain Reaction Cycles, Probikeshop, Bikestar and Fahrrad.de filed for insolvency at the court in Bielefeld, Germany. This unfolding drama might have a major impact on the instable inventory situation.
BERLIN, Germany - A dramatic domino effect is taking place within the financially troubled Signa Sports Group which is having huge implications on the bicycle-related activities of the company. Internet Stores GmbH has now filed for insolvency, the North America Bike Division ceased operations with a few days' notice, and the clock is now ticking for WiggleCRC.
