Halfords said to be joining suitors for online retailer Wiggle

(Sharecast News) - Halfords is reportedly joining a peloton of suitors for the stricken online retailer Wiggle. According to Sky News, Halfords has registered its interest in a bid for Wiggle CRC, which fell into administration last month.

Halfords will be going against Sports Direct and Evans Cycles owner Frasers Group, which is also among the bidders.

Sky said Next is also said to have been considering a bid, although a spokesman for the company denied on Thursday that it was interested.

Halfords has already stepped in to honour warranties on products bought from Wiggle and Chain Reaction.

The collapsed company, which includes Wiggle, Chain Reaction Cycles and the Vitus and Nukeproof cycling brands, became insolvent after losing the financial support of parent company Signa Sports United.

Wiggle CRC employs about 450 people, and is continuing to trade during the administration process.

FRP Advisory is handling the insolvency process.