27th Sep 2018 06:33
LONDON (Alliance News) - Halfords Group PLC is among a number of parties that have made an indicative takeover offer for struggling bicycle retailer Evans Cycles, Sky News reported Wednesday.
Bicycle sales have become an increasing part of the business of FTSE 250-listed Halfords in recent years, alongside automotive parts and maintenance.
Sky noted that Evans, which was founded nearly a century ago and trades from over 60 stores across the UK, requires more than GBP10 million in fresh capital to see it through the next few months.
https://news.sky.com/story/halfords-rides-to-rescue-of-struggling-rival-evans-cycles-11509519
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