Would a Mike Ashley takeover of Wiggle be a ‘concern to the cycle industry’ or a ‘careful bit of business’? - Insiders weigh in as redundancies lead to trade brain drain

Struggling retailer has now axed nearly every member of staff after going into administration last year

Wiggle logo on a green background
(Image credit: Wiggle)

A Mike Ashley takeover of WiggleCRC would be a "real concern" for the bike industry, a leading retailer has said, as the future of the brand remains in doubt. Others have said that Frasers Group acquiring the stricken firm makes sense, judging by its previous business practices. 

Last week, sources revealed to Cycling Weekly that WiggleCRC had now made nearly every member of staff redundant after entering administration last year

Thank you for reading 20 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1