279:
On 27 October 2023 a notice was published to The
Gazette announcing an administrator for the Wiggle Limited business following a period where the parent company's key financial backer pulled the plug on financing. This eventually resulted in most of the staff being laid off in February 2024, and in
258:
The WiggleCRC Group formed after the
Competition Commission approved the merger and Wiggle bought 100% of the Chain Reactions Cycle equity from the Watson family for £62m. A key driver of synergies was the closure of CRC's Northern Irish warehouse and distribution infrastructure whose volume was
254:
In late 2016, Stefan Barden was replaced by Will Kernan as the new Group CEO - Kernan was previously the CEO of The White
Company, and before that MD and COO at New Look. In January 2019, it was stated that Kernan was to be replaced by Ross Clemmow, a former Debenhams director.
275:
In 2018, a Chain
Reaction Cycles' employee was critical of the group's actions after the merger; citing continued redundancies, shift patterns and a perceived shift of operations away from Ireland to Wolverhampton.
262:
The Wiggle and Chain
Reaction Cycles brands remain distinct, with their own websites. Proforma turnover was over £360m in 2017 and Wiggle was the largest pure-play online sports retailer in Europe.
215:, with the company's overall value estimated at £200m, and pre-tax profits having risen from £7.1m to £10.2m in the year to January 2011, following a 123 percent increase in international sales.
272:
Group
Proforma sales are now believed to be about £500m, and it was announced that the Bike24 brand and websites will continue alongside the Wiggle and Chain Reaction Cycles websites.
370:
235:
In 2015, Andy Bond stepped down and Brian McBride joined as chairman. McBride was formerly the CEO of Amazon UK and is the chairman of the online fashion clothing retailer
478:
1169:
1174:
189:
took a 42% stake in the company. After a further three years of 40% growth, Livingbridge bought the remaining 58% in 2009, including Dall's remaining 26% stake.
1164:
613:
798:
341:
686:
1086:
535:
908:
428:
1184:
849:
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232:
In 2015, the company consolidated its 3 owned and 1 rented warehouses in
Portsmouth to a newer larger 320,000 sq ft facility in Wolverhampton.
738:
309:
1113:
875:
229:
In
September 2013, after the sale of the business, Cobbold stepped down and Stefan Barden (former CEO of Northern Foods) took over.
824:
251:
was announced in 2016: by this time No1 and No2 largest global online players in the cycle and tri sports product categories.
664:
200:
in
December 2009. By 2011, projected annual revenue was £118m following strong international growth helped by a weak pound.
984:
508:
400:
1009:
614:"Wiggle and Chain Reaction Cycles are set to merge: So how did we get here and what does it all mean? | CyclingTips"
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2, Bike 24, for a reported £100m, giving access to German suppliers and a potential 'Brexit hedge'.
219:
179:
Wiggle started trading in May 1999, with an initial investment of £2000 from Dall and Harvey Jones.
433:
687:"Wiggle and Chain Reaction merger moves closer to completion after CMA clearance - Cycling Weekly"
561:
1091:
87:
883:
773:
588:
482:
374:
182:
Between 1999 and 2009, Wiggle experimented with online retail, and experienced strong growth.
265:
In
October 2017 it was announced that WiggleCRC had bought a German competitor and market no.
342:"'Once the warehouse is clear, it's game over' – WiggleCRC lays off almost entire workforce"
193:
111:
566:
346:
157:, having been bought after WiggleCRC went into administration with losses of £97 million.
30:
909:"Local bike shops look away now - reports of worsening losses at Wiggle are exaggerated"
172:
The origins of Wiggle trace back to a local bike shop called Butlers Cycles, located in
314:
259:
integrated into Citadel in Wolverhampton; this process was concluded in December 2017.
223:
208:
1153:
712:
281:
222:
for £180m. Wiggle was now one of 6 European online sports retailers, and no 2 in the
154:
1087:"Brexit and the bicycle: What does the UK's departure from the EU mean for cycling?"
513:
285:
186:
1036:"WiggleCRC acquires German rival Bike24 in reported £100m deal - Cycling Weekly"
479:"'Staycations' and weak pound have boosted British trade, says Bank of England"
218:
After an auction in December 2011, Wiggle was acquired by venture capitalists
173:
57:
887:
777:
486:
378:
99:
739:"Wiggle-CRC Group partners with ReBOUND to offer tailored global returns"
589:"What's the best online store for road cycling gear? | Cyclingnews Forum"
236:
103:
1114:"Wiggle-CRC rejects insider's claim of crisis at Chain Reaction Cycles"
310:"What the story of Evans Cycles can tell us about the future of Wiggle"
107:
825:"The White Company's boss departs for Wiggle role - Retail Gazette"
160:
Previously Wiggle was part of the WiggleCRC group, which included
115:
164:, however only the brands were transferred to the new owners.
371:"Wiggle thanks 'middle aged man in lycra' for record profits"
176:. Mitch Dall, a founder of Wiggle, bought the shop in 1995.
713:"Merger of Wiggle and Chain Reaction Cycles approved - MBR"
204:, the former CEO of Asda, was hired to help this process.
876:"Watson clan cycle off with €50m in cash after sell-out"
280:
March 2024 the brands started to operate as part of the
335:
333:
303:
301:
509:"Wiggle considers IPO as cycling becomes the new golf"
401:"Wiggle considers IPO as cycling becomes the new golf"
207:
In 2011, Livingbridge considered taking the company
1062:"WiggleCRC makes £100m move on German rival Bike24"
799:"Wiggle poaches The White Company boss Will Kernan"
138:
130:
122:
95:
78:
68:
52:
44:
36:
26:
850:"Ross Clemmow succeeds Will Kernan as Wiggle boss"
1010:"WIGGLE-CRC TO OFFER TAILORED GLOBAL RETURNS"
114:products. Outdoor and casual sports apparel.
8:
960:"CHAIN REACTION CYCLES LTD - Filing history"
185:By 2006, Wiggle was turning over £11.8m and
21:
665:"Wiggle appoints Brian McBride as chairman"
985:"Data: Top 25 pureplay retailers by sales"
20:
640:"Humphrey Cobbold leaves Wiggle CEO role"
1170:Internet properties established in 1999
1140:"Wiggle Limited appoints administrator"
423:
421:
297:
1175:Online retailers of the United Kingdom
477:Monaghan, Angela (18 December 2011).
7:
1165:Retail companies established in 1999
536:"Wiggle cycles to flotation or sale"
562:"Bridgepoint buys Wiggle for £180m"
560:Felsted, Andrea (7 December 2011).
764:Leroux, Marcus (7 December 2011).
369:Sibun, Jonathan (6 October 2010).
14:
935:"WIGGLE LIMITED - Filing history"
874:Carey, Brian (5 November 2017).
823:Stevens, Ben (3 February 2017).
766:"Business big shot: Will Kernan"
340:Will Jones (21 February 2024).
134:SIGNA Sports United (NYSE: SSU)
126:£400+ Million (WiggleCRC Group)
16:European online sports retailer
1185:1999 establishments in England
106:, components and accessories.
1:
1160:Companies based in Portsmouth
399:Wood, Zoe (22 October 2011).
308:Tom Davidson (7 March 2024).
187:Livingbridge private equity
1201:
964:beta.companieshouse.gov.uk
939:beta.companieshouse.gov.uk
429:"Wiggle founder rides off"
226:to Chain Reaction Cycles.
153:is an online brand of the
247:The merger of Wiggle and
192:Livingbridge brought in
213:initial public offering
144:c.900 (WiggleCRC Group)
593:forum.cyclingnews.com
249:Chain Reaction Cycles
162:Chain Reaction Cycles
457:"2012 Annual review"
40:Online sports retail
915:. 29 September 2017
540:The Daily Telegraph
434:The Daily Telegraph
318:. cyclingweekly.com
220:Bridgepoint Capital
140:Number of employees
110:shoes and apparel.
84:Huw Crwys-Williams
23:
1142:. 27 October 2023.
1016:. 14 December 2018
745:. 20 December 2018
620:. 15 February 2016
1042:. 23 October 2017
1014:Post & Parcel
350:. Cyclingnews.com
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194:Humphrey Cobbold
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1180:Cycle retailers
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1120:. 19 April 2018
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829:Retail Gazette
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693:. 30 June 2016
691:Cycling Weekly
678:
667:. 2 March 2015
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743:SHD Logistics
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719:. 1 July 2016
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1122:. Retrieved
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1096:. Retrieved
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1069:. Retrieved
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992:. Retrieved
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942:. Retrieved
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622:. Retrieved
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596:. Retrieved
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571:. Retrieved
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543:. Retrieved
539:
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518:. Retrieved
514:The Observer
512:
502:
490:. Retrieved
472:
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451:
439:. Retrieved
437:. 2 May 2009
432:
408:. Retrieved
405:the Guardian
404:
394:
382:. Retrieved
364:
352:. Retrieved
345:
320:. Retrieved
313:
286:Evans Cycles
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53:Headquarters
27:Company type
18:
1020:5 September
989:Retail Week
854:Retail Week
803:Retail Week
749:5 September
618:CyclingTips
102:equipment.
70:Area served
1154:Categories
545:23 January
520:23 January
507:Zoe Wood.
441:9 November
292:References
284:alongside
174:Portsmouth
80:Key people
58:Portsmouth
48:March 2024
888:0956-1382
834:17 August
808:17 August
783:17 August
778:0140-0460
770:The Times
487:0307-1235
379:0307-1235
243:WiggleCRC
202:Andy Bond
100:Triathlon
74:Worldwide
1098:28 March
1071:28 March
1046:28 March
994:28 March
969:28 March
944:28 March
919:28 March
893:28 March
697:28 March
671:28 March
649:28 March
624:28 March
598:28 March
492:28 March
410:28 March
384:28 March
354:20 April
322:20 April
112:Swimming
104:Bicycles
96:Products
37:Industry
1118:road.cc
1092:Cyclist
1066:BikeBiz
913:road.cc
644:BikeBiz
168:History
123:Revenue
108:Running
63:England
45:Defunct
31:Private
886:
859:1 July
776:
723:6 June
573:6 June
485:
377:
267:
211:in an
209:public
151:Wiggle
1124:8 May
460:(PDF)
131:Owner
116:Tools
1126:2020
1100:2018
1073:2018
1048:2018
1022:2019
996:2018
971:2018
946:2018
921:2018
895:2018
884:ISSN
861:2019
836:2018
810:2018
785:2018
774:ISSN
751:2019
725:2017
699:2018
673:2018
651:2018
626:2018
600:2018
575:2017
547:2014
522:2014
494:2018
483:ISSN
443:2015
412:2018
386:2018
375:ISSN
356:2024
324:2024
237:ASOS
118:etc.
717:MBR
198:CEO
196:as
88:CEO
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