Cycling News

Wiggle CRC sales process officially begins

WiggleCRC stops paying suppliers, cancels orders amid parent company financial woes

Administrators in control of Wiggle CRC have confirmed the sales process of the business has formally been launched, opening up the company to formal offers from interested buyers. 

The business, headquartered in Portsmouth UK, has faced a troublesome period after its Europe-based parent company, Signa Sports United (SSU), lost €150 million in committed funding from its major shareholder, Signa Holding, in a move which came just days after SSU announced a restructure amid ‘profitability challenges’.

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