Speculation Arises Around Wiggle Buyout By German Retail Giant Signa Sports
May 11, 2021
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Bloomberg has reported that German online retail giant Signa Sports could be considering purchasing Wiggle as part of a larger merger deal with American billionaire Ron Burkle's Yucaipa Acquisition Corp.
Signa Sports operates in a number of sports retail markets and its portfolio includes three cycling-specific websites - ProBikeShop, Bikester and Fahrradd.de. In total, the company operates 80 websites in 17 countries and recorded more than $1 billion of gross merchandise volume from its 4 million active customers last year, according to a recent press release. If true, the information, which came from unnamed sources, would take Signa Sports public and create a combined entity worth $4 billion.