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Wiggle take over CRC?
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Chrace




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PostPosted: Wed Feb 10, 2016 2:38 pm    Post subject: Wiggle take over CRC? Reply with quote

Rumours abound...

http://www.bikebiz.com/news/read/wiggle-set-to-acquire-chain-reaction-cycles/019056

Would be one helluwa big shop then.
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Whisk




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PostPosted: Wed Feb 10, 2016 4:52 pm    Post subject: Reply with quote

So, if Evans bought Cycle Surgery I could see that they might close down some of the shops where they were on the same territory, but overall you'd end up with a bigger business with more shops.

If Wiggle buys CRC then I doubt if the combined company would continue to run the two websites selling essentially the same stuff, so apart from the additional warehouse facilities and stock, all Wiggle seems to be getting from the deal is that they are eliminating one of their biggest competitors Rolling Eyes
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explorerJC




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PostPosted: Thu Feb 18, 2016 10:18 pm    Post subject: Reply with quote

Whisk wrote:
So, if Evans bought Cycle Surgery I could see that they might close down some of the shops where they were on the same territory, but overall you'd end up with a bigger business with more shops.

If Wiggle buys CRC then I doubt if the combined company would continue to run the two websites selling essentially the same stuff, so apart from the additional warehouse facilities and stock, all Wiggle seems to be getting from the deal is that they are eliminating one of their biggest competitors Rolling Eyes


there will be some politics at play in the cycle industry....
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Jorgan




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PostPosted: Fri Feb 19, 2016 8:45 am    Post subject: Reply with quote

Whisk wrote:
all Wiggle seems to be getting from the deal is that they are eliminating one of their biggest competitors Rolling Eyes


...and there you have it.

Cycle Surgery generally share their shops with Runners Need and Snow & Rock, so that would be a shame if it affected their co-habitants.
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Whisk




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PostPosted: Fri Feb 19, 2016 10:09 am    Post subject: Reply with quote

Jorgan wrote:
Whisk wrote:
all Wiggle seems to be getting from the deal is that they are eliminating one of their biggest competitors Rolling Eyes


...and there you have it.



I don't know how much they are paying, but it seems like an expensive way of doing it Rolling Eyes

Did CRC really only make £4m profit on £153m of sales Shocked
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TransitionTed




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PostPosted: Fri Feb 19, 2016 10:19 am    Post subject: Reply with quote

Are Haribo concerned?
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Jorgan




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PostPosted: Fri Feb 19, 2016 10:22 am    Post subject: Reply with quote

TransitionTed wrote:
Are Haribo concerned?


My latest Wiggle purchase contained no confectionary.
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GrahamO




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PostPosted: Fri Feb 19, 2016 11:01 am    Post subject: Reply with quote

Jorgan wrote:
My latest Wiggle purchase contained no confectionary.


Haribo isn't confectionary - its surplus coloured bath sealant Wink
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the_exile




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PostPosted: Fri Feb 19, 2016 12:02 pm    Post subject: Reply with quote

Jorgan wrote:
TransitionTed wrote:
Are Haribo concerned?


My latest Wiggle purchase contained no confectionary.


Mine did - it was s small order as well. I have placed another order today - I will be disappointed if this one doesn't contain any.
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Chrace




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PostPosted: Fri Feb 19, 2016 4:40 pm    Post subject: Reply with quote

Not just elimination, is it?

"A third of CRC’s sales come from outside the EU, as dealers in Australia and America know only too well."

Wiggle and CRC are head to head around here, but they may have different markets further abroad. If CRC are established where Wiggle is not it might be cheaper to buy them and use their brand and existing infrastructure rather than fight them for a market share.

We recently bought a competitor where I work. I don't expect a lot of takeover of their markets, rather a revenue stream for our wares into their brand and customer base.

Now announced btw:
http://www.bbc.co.uk/news/uk-northern-ireland-35551917
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Stedic




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PostPosted: Fri Feb 19, 2016 5:56 pm    Post subject: Reply with quote

I bought a load of Castelli kit the other month, no Haribo.

I bought a new budget chain for commuting, Haribo.

No haribo logic when it comes to Wiggle. That or they think I'm getting a bit porky?
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Whisk




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PostPosted: Fri Feb 19, 2016 6:30 pm    Post subject: Reply with quote

Stedic wrote:
I bought a load of Castelli kit the other month, no Haribo.

I bought a new budget chain for commuting, Haribo.

No haribo logic when it comes to Wiggle. That or they think I'm getting a bit porky?


The sizing of that Castelli kit does tend to come up a bit small Wink Rolling Eyes
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tunster




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PostPosted: Fri Feb 19, 2016 8:35 pm    Post subject: Reply with quote

2 pairs of trainers in one order. No Haribo Crying or Very sad
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TransitionTed




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PostPosted: Fri Feb 19, 2016 9:11 pm    Post subject: Reply with quote

I feel there may be a 'Haribo Preferential Strategy' at Wiggle
It doesn't sit well with the investors
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larmen




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PostPosted: Fri Feb 19, 2016 10:18 pm    Post subject: Reply with quote

TransitionTed wrote:
I feel there may be a 'Haribo Preferential Strategy' at Wiggle
It doesn't sit well with the investors

They might incentive low value buyers to order again. If you buy Castello you are obviously happy to part with your money anyway.
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