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edscoble
Velocio
@Fox
From Sky News today:
Evans Cycles is reported to be planning talks with its lenders about an overhaul of its financing arrangements following a slowdown in bicycle sales. Evans was bought by private equity firm ECI Partners a year ago, but poor weather and stiff competition has impacted the UK bicycle market, with rival Halfords recently reporting like-for-like bike sales declining by 4pc in the 13 weeks to July 1. Sources close to Evans dismissed suggestions it was "in trouble," saying it was trading ahead of the market, and would outperform rivals in the medium term, boosted by its high street presence and investment in online operations.