Wiggle Chain Reaction Cycles parent suffers major financial blow as €150m financing axed

Company says it was relying on the financing to continue as a going concern

Female cyclist riding on the hoods
(Image credit: Future)

The parent company of Wiggle Chain Reaction Cycles (CRC) has hit further financial trouble as €150m of financing from its parent company was withdrawn.

Signa Sports United (SSU) , the parent company of Wiggle CRC and a host of other retail websites, announced today that its own parent Signa Holding had terminated its commitment to provide equity to the company.

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