Wiggle Limited - Administration

Wiggle Limited, an online retail giant for cycling, triathlon and outdoors equipment, entered administration on 24 October following news that its parent, Signa Sports United, is restructuring and has been delisted from the New York Stock Exchange after the termination of a 150 million euro equity commitment from an affiliate of its largest shareholder. Alastair Massey and Anthony Wright of FRP were appointed joint administrators. Several subsidiary companies are expected to be placed into administration imminently.