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That's the usual for Evans though isn't it?
Oh boy, does anyone who's worked at Evans have stories about why they're seeking more cash.
Short sighted at its best. -
Most likely need money to expand online so they can attempt to rival wiggle. My guess is they have noticed they either put up a fight or get killed off over a few years by occupying that not quite "local bike shop" and not quite online/megastore.
Chak
Clockwise
@TheShipwright
https://news.sky.com/story/bike-retailer-evans-cycles-in-talks-with-lenders-as-chain-struggles-11492689