A spokesperson said 15 members of staff have been laid off, however an industry insider put the figure closer to 80. The move comes a little over a year after the brand was acquired by two Walmart heirs in a £200m sale.
Le Col by Wiggins, the clothing collection announced earlier this year as a collaboration between the star cyclist and the Le Col brand, has finally been launched with apparel and accessories priced from £15 to £185.
Further evidence of the importance of cycling as an expanding sports category has come with news that UK brands giant Pentland has bought the Scotland-based Endura cycle clothing and accessories label.
It was a big day for Bicester Village on Thursday with the Value Retail-owned outlet mall opening its long-awaited extension that sees it with 30 new stores, more dining options and an all-new VIP area.
The British fashion brand has announced the appointment of Daniel Shaw as its new design director. Starting September, Shaw will succeed Niall Sloan who stepped down from the role in June to join Escada.