Rusevelt Posted October 28, 2023 Report Share Posted October 28, 2023 What would be the real-time trickle effect for the bike industry if Wiggle/CRC go down? Quote Link to comment Share on other sites More sharing options...
AdamR28 Posted October 28, 2023 Report Share Posted October 28, 2023 I think initially things would be pretty f**ked as cheap stuff enters the market. Then longer term prices would go up when people will realise that businesses need sensible net margin to survive. 2 Quote Link to comment Share on other sites More sharing options...
Tom Booth Posted October 30, 2023 Report Share Posted October 30, 2023 On 10/28/2023 at 8:58 PM, AdamR28 said: Then longer term prices would go up when people will realise that businesses need sensible net margin to survive. GREEDY TYRANTS! ALL OF THEM! 1 Quote Link to comment Share on other sites More sharing options...
Rusevelt Posted October 31, 2023 Author Report Share Posted October 31, 2023 (edited) Reportedly, Mike Ashley, is the front runner to try and get his greedy mitts on placing a bid to buy the business. Not that he was doing f**k all with Evans Cycles anyway. Competition watchdog would surely halt any bid from the ash cloud and his Frazer Group. "Frasers Group interested in buying Wiggle CRC, according to report | GCN" https://www.globalcyclingnetwork.com/general/news/frasers-group-interested-in-buying-wiggle-crc-according-to-report Edited October 31, 2023 by Rusevelt Quote Link to comment Share on other sites More sharing options...
AdamR28 Posted November 1, 2023 Report Share Posted November 1, 2023 On 10/30/2023 at 3:18 PM, Tom Booth said: GREEDY TYRANTS! ALL OF THEM! Haha. I hear CRC were working on a low single figure percentage net margin... not sustainable. 1 Quote Link to comment Share on other sites More sharing options...
Rusevelt Posted November 1, 2023 Author Report Share Posted November 1, 2023 https://news.sky.com/story/frasers-looks-to-ride-to-rescue-of-online-bike-retailer-wiggle-12994213 Already 100+job losses and already a wave of insolvency filed from the like Sigma Sports and others. So the WiggleChainRectiongate has started. Quote Link to comment Share on other sites More sharing options...
Rusevelt Posted January 8 Author Report Share Posted January 8 Off topic, Orange Bikes appointing an administrator to avoid financial troubles https://www.pinkbike.com/news/orange-bikes-intends-to-appoint-administrator.html Quote Link to comment Share on other sites More sharing options...
monkeyseemonkeydo Posted January 8 Report Share Posted January 8 As an aside there are some deals to be had if you're quick... 2 Quote Link to comment Share on other sites More sharing options...
Rusevelt Posted January 8 Author Report Share Posted January 8 You've got to be f**king kidding me! I better look at the website now, as I had my Merida 29er mtb stolen on NYE, and looking for winter mtb ride replacement. 1 Quote Link to comment Share on other sites More sharing options...
Rusevelt Posted Thursday at 09:39 PM Author Report Share Posted Thursday at 09:39 PM Things not looking good for KONA Bikes Quote Link to comment Share on other sites More sharing options...
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