Daily News Digest

by Mark Zalewski

July 1, 2016

In today’s CT Daily News Digest: Americans at the 2016 Tour de France: Who’s racing, and what are their objectives?; Drapac signs five-year deal as co-title sponsor of Cannondale Pro Cycling Team; hansgrohe joins Bora as co-sponsor for 2017; Sagan joining Bora–Hansgrohe in 2017?; Cycling Canada names team for Rio; Numainville left off Canadian Olympic team; Tiffany Cromwell: “It’s not the end of the world if I’m not selected [for Rio]”; Wiggle and Chain Reaction merger approved; USADA, UCI sign information-sharing agreement; Cylance roster for Giro Rosa; Giant-Alpecin unveils special “July Kit” for Tour de France; Cyclist killed by grizzly bear; Bike share cyclist arrested for slapping fire fighter; Pro mountain biker takes Walmart bike down serious trails

Wiggle and Chain Reaction merger approved

by CyclingTips

UK antitrust authorities have approved the merger of Wiggle and Chain Reaction Cycles Thursday, with the new combined company to be called WiggleCRC.

“Together the combined business, which will have revenues in excess of £300m ($400m USD) will be better placed to compete in the growing global online market for cycling, running, swimming and tri-sports products and accessories,” a statement said.

Each website and brand will continue and expand their product range and infrastructure.

WiggleCRC will be chaired by Brian McBride and managed by Stefan Barden, as CEO. Chris Watson, currently managing director of Chain Reaction Cycles, will sit on the board and will be a significant shareholder.

“Together, Wiggle and Chain Reaction Cycles’ first class team of sports enthusiasts and strong heritage and expertise in cycling, running, swimming and tri-sports, will form the foundations for building a global champion,” a statement said.

Click through to read more at Bicycle Retailer.

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