Wiggle sold to Signa

https://financialpost.com/pmn/business-pmn/signa-sports-agrees-spac-deal-to-buy-wiggle-bicycle-store-source

Interesting times

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Wonder if that includes Chain Reaction?

Don’t know if this is a good or a bad thing?

Recently found Wiggle a bit fierce on price recently.

I think I read a while ago that Wiggle’s owners were looking for a buyer.

and yes, it will include CRC which is a fully owned sub of Wiggle

It’s going to be very confusing if I have to decide to buy my bike bits from Signa Sports or Sigma Sports :thinking: :joy:

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For me the confusion will be with

image

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Already confusing enough because Sigma Sport had to change its’ name to Sigma Sports to avoid confusion with the German bike computer manufacturer :roll_eyes:

From £500 million to £3 million :cry:.

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Quite a lot of money for a domain name and warehouse full of tat, maybe it was for the haribo :thinking::joy:

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Given he already owns a warehouse and delivery infrastructure 3m is absolute peanuts for the amount of brand equity Wiggle had.

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Straight out of the Ashley playbook - buy the name and IP, cheapen the brand and sell tat which fools people into thinking they are still buying quality.

Viz: Karrimor, Slazenger, Everlast, Donnay etc and more recently Evans Cycles and Wiggle

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