What: Frasers Group is among the potential buyers for online bike retailer Wiggle, which recently entered administration.

Why it is important: The potential acquisition of Wiggle by Frasers Group is significant as it showcases the continued expansion strategy of Frasers and highlights the ongoing challenges faced by online retailers in the current market.

Frasers has been acquiring various companies in recent months, including German retail chain SportScheck and increasing its stake in Boohoo. Wiggle, which employs approximately 450 people, is still trading during the administration process. Frasers Group already owns Evans Cycles and bought online cycling retailer ProBikeKit earlier this year. The administration of Wiggle is being handled by FRP Advisory.

Frasers Group considers their bid to buy Wiggle