- Feedback
- View
Isabikes, is a shame, absolutely changed the child cycle market for the better.
State of the industry: a running thread
- Thread starter al-onestare
- Start date
- Status
CassidyAce
Senior Retro Guru
Wiggle / Chain Reaction goes into administration today: https://www.globalcyclingnetwork.co...hain-reaction-cycles-goes-into-administration
Oh dear.....so its amazon or ebay knockoffs now ! Good thing wiggle dont sell any parts for my "ancient" bikes!
maybe they shouldn't have so bloody greedy and bought up all that stock at agreed high prices during lockdown.....just to try to put one final nail in the independent coffin!
You reap what you sow.
But im sad for all those losing their jobs in the near future.
maybe they shouldn't have so bloody greedy and bought up all that stock at agreed high prices during lockdown.....just to try to put one final nail in the independent coffin!
You reap what you sow.
But im sad for all those losing their jobs in the near future.
Sir Neil d'Menture
Retro Guru
- Feedback
- View
CRC was a super company. Everything was good about them.
They could have been bigger in the bike game than Wiggle. Wiggle saw a chance to buy them out and more importantly buy up their customer list. Massive profits in view.
But, as always, they got greedy.
Then they thought the lockdown boom would last forever.
It's OK guys like me stocking up on gear that I know will get used. It's entirely different for Wiggle to be holding £20million when the boom has ended and leisure cycling is stopping for the winter.
Silly people running the company.
They could have been bigger in the bike game than Wiggle. Wiggle saw a chance to buy them out and more importantly buy up their customer list. Massive profits in view.
But, as always, they got greedy.
Then they thought the lockdown boom would last forever.
It's OK guys like me stocking up on gear that I know will get used. It's entirely different for Wiggle to be holding £20million when the boom has ended and leisure cycling is stopping for the winter.
Silly people running the company.
And for many IBS' who rely on them as distributors, and indeed, some distributors who have arrangements with Wiggle/CRC. This goes much deeper than to just us, the consumer, and those who work for Wiggle/CRC and the other companies in that umbrella.
Never heard of FRP advisory group (the administrators) either. Anyone got any experience with them?
Sir Neil d'Menture
Retro Guru
- Feedback
- View
But not a lot
- Status
