Halfords back-pedals on Evans Cycles rescue

Redditch headquartered bicycles-to-car parts retailer Halfords has ended talks over a potential rescue deal for struggling rival Evans Cycles. Halfords, which is listed on the London stock market and is the UK’s biggest bikes retailer, was among a number of parties which tabled indicative offers for Evans last month. Sky News sources say that Halfords had decided to focus on Cycle Republic and Tredz, its existing premium brands, rather than pursuing Evans. Sports Direct International, run by Mike Ashley, is now regarded by... For the full story register now for free or login below...
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