Jobs lost as Scottish bicycle retailer closes stores after entering administration

The business said it had to enter administration despite 'everyone's best efforts' (Image: Taylor Smith/UnSpalsh)

A SCOTTISH bicycle retailer has been forced to close some of its stores after falling into administration, leading to dozens of jobs being lost, according to reports.

Scotland's oldest worker-owned cycling retailer, Edinburgh Bicycle Co-op, has closed one of its stores in the Scottish capital along with its branch in Aberdeen after facing “enormous pressures” from rising costs and a “challenging economy”.