Administrators revealed through Wiggle’s website and in The London Gazette
Wiggle has appointed administrators to handle the affairs, business and property of the online sports retailer.
A notice was posted in the FAQ section of users’ Wiggle accounts, first seen by BikeRadar yesterday, notifying customers of the appointment.
Today, the notice that Wiggle Limited has appointed the administrators was posted in The London Gazette, a journal in which certain statutory notices, such as administration and insolvency, must be posted.
Wiggle has appointed Anthony John Wright and Alastair Rex Massey from FRP Advisory as administrators.
The appointment of administrators follows the news that Wiggle and Chain Reaction faced insolvency and were seeking self-administration.
This came after a period of financial turmoil for Wiggle’s owner Signa Sports United (SSU) and the termination of an unconditional €150 million Equity Commitment by Signa Holdings, an affiliate company of SSU.
SSU deemed the termination “unjustified”.
The notice on Wiggle’s website reads: “All orders made with Wiggle will continue to be delivered as usual, and our standard terms and conditions still apply for item returns and warranty claims.”
BikeRadar has contacted Wiggle for further information.
If you’ve been affected by the Wiggle administration, we’d love to hear from you at news@bikeradar.com