Has Evans Cycles Gone Bust?

On 30 October 2018, Evans Cycles entered administration, and was purchased by Sports Direct (now, Frasers Group) in a pre-pack administration for £8 million. At the time of its insolvency in 2018 the company had 60 stores UK-wide.

Is Evans Cycles still trading?

Evans Cycles is a cycling specialist that is part of the Frasers Group (formerly Sports Direct). Mike Ashley's acquisitive group bought the chain out of administration in October 2018 and said it would reduce the size of the 60-strong store network to return the business to profitability.

What is happening with Evans Cycles?

British bike retailer chain Evans Cycles is expected to cut more than 300 jobs at its 55 stores, bringing its workforces from 813 down to 475 employees, despite the pandemic bike boom that has given the bike industry unprecedented levels of demand.