theedinburghreporter.co.uk
Edinburgh Bicycle Coop sold to former management
The administrators and Joint Managers, Alistair McAlinden and James Dewar of Interpath, have completed the sale of Edinburgh Bicycle Co-operative to Alistair McAlinden and James Dewar in a deal that "secures the future of the brand, including four stores". The Edinburgh Bicycle Co-operative was established in 1977, and is a "retailer of premium cycling brands to recreational and commuter cyclists". The business formerly traded from six retail stores and had a distribution centre in Newbridge. Sales have declined and this has been attributed to inflation which has affected consumer spending. The leadership team established a turnaround plan to strengthen the company's financial position, but sustained trading losses gave rise to cash flow difficulties.