Universal Cycles bought by Sports World owner?

Mike Ashley is reported to have taken an 80 percent share of Universal
Author:
Publish date:
Social count:
0
Mike Ashley is reported to have taken an 80 percent share of Universal
UniversalCycles.jpg

Reports of the deal first circulated last week. BikeBiz contacted Universal at the time but has had no response to date.

It's understood the buy-out leaves 20 percent of the company in the hands of brother and sister Gavin and Sarah Markscheffel.

Sports World is a stockist of Muddy Fox bikes, a brand owned by Universal Cycles, which is the UK's biggest distributor of bikes.

Featured Jobs

Bikeshed promo

Store Manager

Bikesheddirect.com I Huddersfield I Competitive Salary & Bonus I Date Published Monday 5th February 2018

orange bikes promo

Product Manager

Orange Bikes I Halifax I Dependent on Experience I Date Published Friday 9th February 2018