23rd Sep 2014 05:58
LONDON (Alliance News) - Cycle and car maintenance product retailer Halfords Group PLC is to open a chain of new bike shops in central London, according to the London Evening Standard on Monday.
The new bike chain will be called Cycle Republic, the London Evening Standard cited, quoting Chief Executive Matt Davies, and will open the first store in Euston by the end of the year.
Halfords is hoping to home in on the UK's growing passion for cycling, after strong growth in bicycle sales drove profit and revenue in its last financial year.
http://www.standard.co.uk/business/halfords-to-open-chain-of-bike-shops-in-central-london-9748569.html
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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