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However, international sales declined by 26 per cent in the same period, with Wiggle CRC citing the impact of Brexit reducing sales into the EU “where higher duty and fulfilment costs” necessitated higher pricing.
Administrators have today announced that the international eCommerce stores for Wiggle and Chain Reaction Cycles will be switched off. / In a move that will see the WiggleCRC business "focus its efforts solely on the UK market," the Joint Administrators in charge of the group have revealed that the transition will take place "over the coming weeks."
Wall-mounted bicycle storage firm Cycloc is to cease production, with its founder citing the impact of Brexit as one of the principal reasons for the decision.
Iconic London to Paris cycle event will end current format after 20 years due to Brexit-related complications and logistical hurdles.
The mass participation event, run by Hotchilee, will see its 20th and final edition of its current format in 2024.
Next year’s 20th anniversary edition of London-Paris, the three-day ride that features on many cyclists’ bucket list, will be the last in the current format, with organisers blaming the decision in large part on increased costs and logistical headaches in the wake of Brexit.
Following distributors Moore and Large, and 2Pure, another UK bike company, FLi Distribution, has ceased trading this year. / In a post published yesterday on Linkedin with the words, "FLi is done", Williams writes, "If you voted for Brexit, please realise this is 90% because of your decision back in 2016."
“I’m done with the red tape and the barriers to trade,” FLi Distribution’s director Colin Williams said. / Brexit’s impact on the UK’s cycling industry is once again under the spotlight after FLi Distribution’s director blamed the “red tape and barriers to trade” currently affecting businesses as the Huddersfield-based distributor ceased trading with immediate effect.
Sources have confirmed that FLI Distribution has ceased trading with effect from this week. / The difficult trading conditions facing cycling and many industries are thought to have played their part, including the post Covid-lockdown disruption and the impact of Brexit and the complexities it brought to EU/UK trading.
The founder of bicycle storage company Cycloc has said that the impact of Brexit on his business led to a 25% drop in sales. / The company, which has designed custom wall-mounted storage solutions for customers including Mark Cavendish, has witnessed a £100,000 drop in revenues since new rules were put in place in January 2021.
Distributor of KTM road and mountain bikes shuts citing Brexit red tape as a major factor.
Drawing on my professional experience, here we explore how post Brexit Britain has become a challenge for international businesses, and domestic businesses, importing products for sale in the UK.
The deluded fantasies of the Brexit elite are finally being exposed by the way the real world actually works.
And the call comes as a Gloucestershire bike specialist tells Punchline its export business has been deflated by a lack of post-Brexit trading agreement.
The Tap It Out cycling club will now have to close after paying the fee.
Bristol-based Presca, founded a decade ago, is the latest cycling brand to have to close down. / “Well, Brexit was fun, wasn’t it?” Webbon joked. “It’s just a lot more red tape. It’s made shipping retail stuff to the EU very difficult, a lot more costly, taking a lot longer, and more logistics. A lot more admin, as well.”
Frog Bikes reported losses of over £500,000 in 2022. / British children’s bike manufacturer Frog Bikes has said mounting Brexit costs drove it into the red last year.
Brompton Bikes' CEO Will Butler-Adams has addressed the issues facing brands in the industry, and points to enduring problems from Brexit, rising energy bills, the pandemic and the cost-of-living crisis for contributing to a challenging time for the folding bicycle manufacturer.
Having made national press headlines in January in relation to its stance on Brexit and the associated costs to its business, Cycloc has today expanded upon the complaint, adding that it is becoming less viable to invest in its UK production given the new and enhanced hurdles it faces exporting its goods.
The London-based wall-mounted bike storage manufacturer attracted 50% of its business from the EU pre-Brexit and has been left with a £100,000 hole in revenues. /
French sports goods giant Decathlon has said that its significantly higher UK prices for e-bikes are largely down to Brexit. The retailer has however launched a rental service to help people, “explore new sports” in a more affordable way.
The prominent anti-Brexit activist, ever-present outside the Houses of Parliament, had an eventful day yesterday, so we'll forgive him for not giving the driver both barrels too. / All very interesting, but not very cycling-related... that was until this happened...
Jacob Rees-Mogg has published a list of nine ‘Brexit opportunities’. It’s both pitiful and dangerous.
Brits have been banned from taking their bicycles onboard Eurostar services to destinations including Paris, Lille and Brussels due to post-Brexit issues with customs rules.
MORE than a year after the UK fully withdrew from the EU, an Edinburgh business owner has revealed he still spends countless hours on admin just trying to get items to and from Europe.