Wiggle and Chain Reaction’s websites are set to be relaunched next week, as Frasers Group plc confirmed its acquisition of the brands.

In a press release sent out on Friday afternoon, Frasers Group confirmed reports that it had purchased the brands and intellectual property. It follows both Wiggle and Chain Reaction’s websites going down this week, after its parent company, WiggleCRC went into administration last year, towards liquidation, and with some parts of the business being taken over.

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