Wiggle reportedly heading towards administration due to parent company funding woes
Meanwhile, Mike Ashley’s Frasers Group identified as prime candidate to swoop for e-commerce business
Source: road.cc
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Brexit, Covid, and economic uncertainty blamed as Wiggle Chain Reaction Cycles records £97 million loss
Overall revenue for the group, which was bought by German retailer Signa Sports United in 2021, also fell by 30 percent to £252 million
Source: road.cc