Wiggle Chain Reaction Cycles records £97m loss as Brexit and pandemic fallout hits

The Wiggle - Chain Reaction Cycles group is the latest to report economic struggles

Wiggle hero
(Image credit: Future)

Online cycling retailer Wiggle Chain Reaction Cycles (CRC) has posted a pre-tax loss of almost £100million in its latest company accounts, citing Brexit and the post-pandemic cycling slump as factors that hit the business.

The UK group, which is held under the name Mapil Topco Limited and covers both Wiggle and Chain Reaction Cycles web stores, recorded a loss before tax of £97,041,000 in the year to 30 September 2022. This was a significant increase from the previous year, when it lost £14,555,000. 

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