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 - E-commerce giant Signa Sports United, has confirmed its intentions to go public on the New York Stock Exchange (NYSE). The German retailer has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly-traded special purpose acquisition company. The combination also includes the long-awaited acquisition of the WiggleCRC Group.
MELBOURNE, Australia - Supply chain constraints as a result of Covid-19 left many shops and distributers sold-out of stock in Australia. In the meantime, Brexit has gone under the radar for Aussies, though it has started causing disruptions between Europe and the UK and could have a fallout for Australian distributers, bike shops and customers as well.
CORK, Ireland - Mapil Topco, owner of internet only giant WiggleCRC, has posted a pre-tax loss of GBP 132.5 million (€ 157m) for the trading period of the 52 weeks to December 30th 2018. The suffered loss is despite the fact that sales at the group rose 15 percent to GBP 453 million (€ 537m) with underlying profits of GBP 14.2 million (€ 16.8m).
CAMBRIDGE, UK - Major online retailer Wiggle-Chain Reaction Cycles has confirmed that it will be joining the Bicycle Association of Great Britain - BAGB's leadership group and participating in the BAGB's new market data service which Bike Europe have reported on recently.
