{"id":55951,"date":"2023-10-27T10:31:16","date_gmt":"2023-10-27T08:31:16","guid":{"rendered":"https:\/\/www.bikeradar.com\/?p=751788"},"modified":"2023-10-27T12:35:26","modified_gmt":"2023-10-27T10:35:26","slug":"wiggle-appoints-administrators-after-rumours-of-closure","status":"publish","type":"rss_feed","link":"https:\/\/c01.purpledshub.com\/cyclingplus\/rss_feed\/wiggle-appoints-administrators-after-rumours-of-closure\/","title":{"rendered":"Wiggle appoints administrators after rumours of closure"},"content":{"rendered":"

Administrators revealed through Wiggle’s website and in The London Gazette <\/p>

By Stan Portus\n \t\t<\/p>

Published: Friday, 27 October 2023 at 08:31 AM<\/p>

\n\n

Wiggle has appointed administrators to handle the affairs, business and property of the online sports retailer.<\/p>\n

A notice was posted in the FAQ section of users\u2019 Wiggle accounts, first seen by BikeRadar yesterday, notifying customers of the appointment.<\/p>\n

Today, the notice that Wiggle Limited has appointed the administrators was posted in The London Gazette<\/em>, a journal in which certain statutory notices, such as administration and insolvency, must be posted.<\/p>\n

Wiggle has appointed Anthony John Wright and Alastair Rex Massey from FRP Advisory as administrators.<\/p>\n

The appointment of administrators follows the news that Wiggle and Chain Reaction faced insolvency<\/a> and were seeking self-administration.<\/p>\n

This came after a period of financial turmoil for Wiggle\u2019s owner Signa Sports United (SSU) and the termination of an unconditional \u20ac150 million Equity Commitment by Signa Holdings, an affiliate company of SSU.<\/p>\n

SSU deemed the termination \u201cunjustified\u201d.<\/p>\n

The notice on Wiggle\u2019s website reads: \u201cAll 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.\u201d<\/p>\n

BikeRadar has contacted Wiggle for further information.<\/p>\n

If you\u2019ve been affected by the Wiggle administration, we\u2019d love to hear from you at news@bikeradar.com<\/a><\/strong><\/p> <\/body><\/html>\n

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