Evans Cycles seeking £10m investment by the end of next week

Advisers to the high street retailer have asked for bids to be presented in a matter of days

Evans Cycles (Alamy Stock Photo)

(Image credit: Alamy Stock Photo)

Evans Cycles is seeking a buyer to come forward before the end of next week, as it struggles to negotiate the difficult trading conditions facing high street retailers.

Sky News has reported that advisers to the company have asked potential bidders to table final takeover proposals imminently - and insiders have confirmed to Cycling Weekly that the reports are largely accurate.

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Michelle Arthurs-Brennan

Michelle Arthurs-Brennan the Editor of Cycling Weekly website. An NCTJ qualified traditional journalist by trade, Michelle began her career working for local newspapers. She's worked within the cycling industry since 2012, and joined the Cycling Weekly team in 2017, having previously been Editor at Total Women's Cycling. Prior to welcoming her daughter in 2022, Michelle raced on the road, track, and in time trials, and still rides as much as she can - albeit a fair proportion indoors, for now.