The industry insider magazine Bikebiz dropped some big news on their website today. According to sources, the retail supergiant Chain Reaction Cycles is set to be brought by rival mega online store Wiggle. Here is the news from Bikebiz.

“BikeBiz believes Wiggle is on the verge of absorbing its main retail rival Chain Reaction Cycles. It’s said to be highly likely that the sale will go through next week, multiple sources say. Founded in 2009 as an offshoot from a Portsmouth bike shop, Wiggle grew and grew, and was sold to Bridgeport Capital for £180m in 2011.

Chain Reaction Cycles grew from a tiny store, to a supergiant, shipping globally from its 6 huge warehouses.
Chain Reaction Cycles grew from a tiny store, to a supergiant, shipping globally from its 6 huge warehouses.

Chain Reaction Cycles sprang from a small bike shop in the tiny town of Ballyclare in 1989. The shop is now a barber’s shop, a very small barber’s shop. This was the second shop. The first, started in 1984, was Ballynure Cycles, an even smaller operation. The business was founded by George and Janice Watson – their first sale was a chain link costing 11p. When, in 1998, the business moved to Ballyclare the decision was made to change the firm’s name, and Chain Reaction Cycles was born. The website was launched the following year.

Almost 40 percent of CRC’s sales come from outside the EU, as dealers in Australia and America know only too well. Wiggle and Chain Reaction have been fighting head to head for many years, with Wiggle moving ahead of Chain Reaction in 2013 when sales at the family-owned firm dropped six percent to £145m. The Watson family is said to have a personal fortune of £200m.

German bike brand Cube has very recently moved to Wiggle after formerly being distributed by Chain Reaction. Nobody at Wiggle or Chain Reaction will confirm a sale is on the cards.”

As yet this has not been confirmed, but there is no smoke without fire. We will bring you news as soon as we hear it.

Words and photos: Trev Worsey


Did you enjoy this article? If so, we would be stoked if you decide to support us with a monthly contribution. By becoming a supporter of ENDURO, you will help secure a sustainable future for high-quality mountain bike journalism. Click here to learn more.