Insights

Who are the creditors of Chain Reaction / Wiggle?

Chain Reaction and Wiggle are not in good shape and, given their situation, have naturally created various debts in other companies.

Written by

David Finetto

January 5 2024

The 2 companies, Chain Reaction and Wiggle, have been managed by administrators for months and they have already announced that their sale may be imminent. But the current news is that international sales are closed: Wiggle CRC stores make 85% of sales in the UK. This led to the decision to close international sales.

In this whole situation, the related sites have created a lot of debts in various companies: here is the list of creditors at present.

At the top of the creditors we find the main distributors of the United Kingdom, viz Madison ed Extra UK LTD, who have credits of £1.095.272 and £925.614 respectively (1 pound is equivalent to €1,16). At the end we also find the manufacturer based in Taiwan Ideal Bike Corporation (£1.291.050), Garmin Europe (£853.762), Saddleback (£815.082), Science in Sport (£662.558), POC Sweden (£507.968), Selle Italia (£400.922), Endura (£387.329) and Vittoria ( £208.920).

In this article:Chain Reaction, Economy, Wiggle

Written by David Finetto

[email protected] I am a fan of everything that has 2 wheels: at a young age I practiced road and track cycling (Italian Allievi champion). At the age of 18 I passed into the cross country competing at national/international level as an Under23. Past Elite, I made the choice to take things more lightly from a training point of view, and my love for gravity disciplines was born, training me as an FCI MTB instructor and guide. Now I have made passion my profession by managing 2 MTB centers on the island of Elba (Bike Center Elba and Elba MTB), creating the FANTAmtb and telling in an ironic but professional way everything that revolves around MTB thanks to 365mountainbike and 365TV (YouTube'PULITI dentro BIKER fuori').