Owner of fashion brand Bench once worn by Robbie Williams and Liam Gallagher sold manchestereveningnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manchestereveningnews.co.uk Daily Mail and Mail on Sunday newspapers.
The Preston-based bike retailer cited supply chain disruption and lead time uncertainty post-pandemic and Brexit as reasons behind its "challenging" year, and has restructured while taking on additional funding from investors