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Blow for WiggleCRC parent company amid loss of €150m funding

Blow for WiggleCRC parent company amid loss of €150m funding


The parent company of WiggleCRC, Vitus Bikes and Nukeproof has suffered another blow this week after it revealed it was losing financial support totalling €150m. 

In a statement to investors published on its website, Signa Sports United NV, the German sports eCommerce retail giant behind more than 80 online stores including Wiggle and Chain Reaction Cycles (not to be confused with Sigma Sports), announced on Monday that it had received a termination notice relating to a €150 unconditional Equity Commitment Letter from its own parent company, Signa Holding GmbH. 

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