Evans Cycles seeks buyer after failing to mount rescue bid

Problems come amid a shake out across the high street due to tough trading conditionsThe bike shop chain Evans Cycles is urgently seeking a buyer as the retailer battles to survive amid tough high street trading conditions, including the rise of online competition and the cost of running stores.The retailer’s management team needs to find £20m to fund a rescue plan, but its backers and bankers were understood to be unwilling to provide the extra cash. Advisers to the group have now a