Halfords looks to ride to the rescue of rival Evans Cycles
Redditch-based bicycles-to-car parts retailer Halfords is understood to have made an offer for struggling rival Evans Cycles.
Halfords, which is listed on the London stock market, was among a number of parties which tabled indicative offers for Evans earlier this week, Sky News reported.
Other bidders included turnaround investors, with Evans requiring more than £10m in fresh capital to see it through the next few months of trading.
Evans has slipped into the red due to a combination of rising costs and challenging trading c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...