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by Matt de Neef
May 8, 2017
In today’s edition of the CyclingTips Daily News Digest: Fernando Gaviria takes Giro d’Italia lead with stage 3 victory; Jolien D’Hoore victorious at the Tour of Chongming Island; Kirill Pozdnyakov wraps up overall victory at the Tour d’Azerbaidjan; Marianne Vos claims her first win of the season at Trofee Maarten Wynants; Ruth Winder, TJ Eisenhart win the Redlands Bicycle Classic; Shannon Malseed wins the Tour of the South West; Rohan Dennis crashes out of Giro GC contention; Caleb Ewan devastated after missed opportunity on Giro’s second stage; Nicola Ruffoni suggests prostate infection as cause for positive test; British cycling apparel brand Vulpine enters administration; Two cyclists killed as alleged drunk and drugged driver hits group in Spain; Video – Van driver forces cyclist off the road.
British cycling apparel brand Vulpine has gone into administration, despite raising several million pounds through crowdfunding in recent years.
As recently as last month, Vulpine was looking for looking for another round of funding, to a total of £750,000 (AU$1.3 million). But in an email to investors, brand founder Nick Hussey related the bad news.
“It is with intense sadness that I have to inform you that Vulpine is insolvent and I have had to take the extremely difficult but essential decision to place the company I founded into administration, under UK law, hence my unusual formality,” he said.
Hussey pointed to the late arrival of the brand’s Spring/Summer stock as cause for the brand’s demise.
Follow the link to read more at Cyclist.co.uk.