Evans Cycles seeks buyer after failing to mount rescue bid

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fausto copy
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby fausto copy » 23 Sep 2018, 7:00pm

thirdcrank wrote:I must have mentioned this before but I've never understood why a manufacturer whose name means "white" would invariably finish their frames in blue. :?


I think the official colour name is "Celeste".

My colour vision isn't perfect by any means but I tend to think of it as being more on the green side of turquoise.
Whatever, I love it but have always liked the Italian brand Wilier too, but that's probably more down to their model names, as Galilbier is my favourite mountain. :roll:
Then again, I really should have bought a Spanish bike a few years ago, as the BH brand already had my initials stamped on them (no, not FC).

thirdcrank
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby thirdcrank » 27 Sep 2018, 9:08am

From today's Daily Telegraph

Halfords swoops for ailing Evans Cycles
https://www.telegraph.co.uk/business/20 ... ns-cycles/

chocjohn9
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Halfords is looking to buy Evans

Postby chocjohn9 » 28 Sep 2018, 1:08pm

Evans is apparently looking for a buyer and has received a number of offers, including one from Halfords. This is because Evans needs a whopping £10 million to keep going :shock:

I can't say I'm too surprised. In the internet age, prices are cut throat whilst unlike others, they have a huge retail estate to pay for. The flip side of this and something which they need to, and should play on, is the advantage of service and advice on sizing, trying on etc. But, as has been mentioned on here over and over again, they simply do not excel at this. Quite the opposite. They should.....and then they may not have found themselves in this sticky situation.

mercalia
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby mercalia » 5 Oct 2018, 11:21am


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RickH
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby RickH » 5 Oct 2018, 7:18pm


I hadn't realised Go Outdoors were owned by JD Sports. GO seem to have been developing their cycle stuff in the last few years (& getting some good reviews of their bikes in the process).

Have Halfords been targeting Evans with their Cycle Republic stores? They seem to have opened a lot in close proximity.

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mjr
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby mjr » 5 Oct 2018, 7:31pm

RickH wrote:Have Halfords been targeting Evans with their Cycle Republic stores? They seem to have opened a lot in close proximity.

See above. Probably.

If half odds does buy Evans, will they be required to keep the staff on for two years under TUPE regs? Staff in nearby Cycle Republics should be nervous if so!
MJR, mostly pedalling 3-speed roadsters. KL+West Norfolk BUG incl social easy rides http://www.klwnbug.co.uk
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby Bonefishblues » 5 Oct 2018, 7:41pm

mjr wrote:
RickH wrote:Have Halfords been targeting Evans with their Cycle Republic stores? They seem to have opened a lot in close proximity.

See above. Probably.

If half odds does buy Evans, will they be required to keep the staff on for two years under TUPE regs? Staff in nearby Cycle Republics should be nervous if so!

No. Primer here:

https://www.springhouselaw.com/glossary/eto-reason/

Psamathe
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby Psamathe » 30 Oct 2018, 4:22pm

Reported recently
https://www.independent.co.uk/news/business/news/evans-cycles-sports-direct-mike-ashley-administration-a8609136.html wrote:Evans Cycles sold to Mike Ashley’s Sports Direct as part of pre-pack administration
...
UK retailer Evans Cycles has been sold to Sports Direct as part of a pre-pack administration.

A pre-pack administration process allows the sale of an insolvent business before administrators have been appointed.

Evans was previously reported to be fielding offers from rival Halfords, JD Sports, and a number of others, however, Mike Ashley won out.


Ian

mercalia
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby mercalia » 30 Oct 2018, 4:34pm

Psamathe wrote:Reported recently
https://www.independent.co.uk/news/business/news/evans-cycles-sports-direct-mike-ashley-administration-a8609136.html wrote:Evans Cycles sold to Mike Ashley’s Sports Direct as part of pre-pack administration
...
UK retailer Evans Cycles has been sold to Sports Direct as part of a pre-pack administration.

A pre-pack administration process allows the sale of an insolvent business before administrators have been appointed.

Evans was previously reported to be fielding offers from rival Halfords, JD Sports, and a number of others, however, Mike Ashley won out.


Ian


Well that's me finished with Evans

landsurfer
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby landsurfer » 30 Oct 2018, 4:39pm

mercalia wrote:
Well that's me finished with Evans


Why ?
It's not about the bike .. It's about the journey .....
The Road Goes On Forever ........................

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mjr
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby mjr » 30 Oct 2018, 4:53pm

landsurfer wrote:
mercalia wrote:
Well that's me finished with Evans


Why ?

It seems likely that the current stock will be sold off, then replaced with lower-quality similar-looking items which make more profit and are misleadingly priced to show big discounts, while staff are put on zero-hours contracts, fined for arriving late but not rewarded for working late, made to wait unpaid for security checks before they can leave work and so on. Maybe mercalia doesn't want to support a business where "there’s no happy environment – it’s all miserable, they just want you work faster and faster."
MJR, mostly pedalling 3-speed roadsters. KL+West Norfolk BUG incl social easy rides http://www.klwnbug.co.uk
All the above is CC-By-SA and no other implied copyright license to Cycle magazine.

Psamathe
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby Psamathe » 30 Oct 2018, 5:03pm

Next report
https://www.theguardian.com/business/2018/oct/30/fears-for-uk-jobs-as-sports-direct-buys-up-evans-cycles wrote:Fears for hundreds of jobs as Sports Direct buys up Evans Cycles
...
Mike Ashley’s Sports Direct has bought Evans Cycles out of administration but has warned it may have to close half the specialist retailer’s 62 stores putting hundreds of jobs at risk.


Ian

landsurfer
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby landsurfer » 30 Oct 2018, 5:26pm

mjr wrote:
landsurfer wrote:
mercalia wrote:
Well that's me finished with Evans


Why ?

It seems likely that the current stock will be sold off, then replaced with lower-quality similar-looking items which make more profit and are misleadingly priced to show big discounts, while staff are put on zero-hours contracts, fined for arriving late but not rewarded for working late, made to wait unpaid for security checks before they can leave work and so on. Maybe mercalia doesn't want to support a business where "there’s no happy environment – it’s all miserable, they just want you work faster and faster."


So are Sports Direct not subject to UK employment law ?
It's not about the bike .. It's about the journey .....
The Road Goes On Forever ........................

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mjr
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby mjr » 30 Oct 2018, 5:28pm

landsurfer wrote:
mjr wrote:It seems likely that the current stock will be sold off, then replaced with lower-quality similar-looking items which make more profit and are misleadingly priced to show big discounts, while staff are put on zero-hours contracts, fined for arriving late but not rewarded for working late, made to wait unpaid for security checks before they can leave work and so on. Maybe mercalia doesn't want to support a business where "there’s no happy environment – it’s all miserable, they just want you work faster and faster."


So are Sports Direct not subject to UK employment law ?

The jury on that has not been sworn in yet, much less gone out.
MJR, mostly pedalling 3-speed roadsters. KL+West Norfolk BUG incl social easy rides http://www.klwnbug.co.uk
All the above is CC-By-SA and no other implied copyright license to Cycle magazine.

landsurfer
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Re: Evans Cycles seeks buyer after failing to mount rescue bid

Postby landsurfer » 30 Oct 2018, 5:41pm

mjr wrote:The jury on that has not been sworn in yet, much less gone out.


I genuinely am not aware of the issues around SD, i use their shops, i understand they buy up brand names and have lower quality merchandise produced using the brands, but they also have the most miserable shop staff of any chain i have shopped in .... so your probably right ....
It's not about the bike .. It's about the journey .....
The Road Goes On Forever ........................