Wiggle faces potential insolvency as owner pulls funds – Retail Gazette
Wiggle could face insolvency following its owner Signa Holding has withdrawn funds from the division that owns the bikes etailer. According to CyclingNews, Wiggle has stopped paying suppliers, cancelled orders and is not receiving goods until further notice. Last Monday, Signa which co-owns Selfridges ended an 130m funding commitment to its sports division Signa Sports…