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

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Tom Thewlis
News and Features Writer

After previously working in higher education, Tom joined Cycling Weekly in 2022 and hasn't looked back. He's been covering professional cycling ever since; reporting on the ground from some of the sport's biggest races and events, including the Tour de France, Paris-Roubaix and the World Championships. His earliest memory of a bike race is watching the Tour on holiday in the early 2000's in the south of France - he even made it on to the podium in Pau afterwards. His favourite place that cycling has taken him is Montréal in Canada.