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Boom puts co-operative on road to expansion

posted 8 Jan 2012, 22:48 by David Rintoul   [ updated 8 Jan 2012, 22:52 ]

A Scottish chain of bicycle shops is hoping to take on private equity-backed rivals by cashing in on a boom in leisure and commuter cycling to double the size of the business.

Edinburgh Bicycle Co-operative, the member-owned firm that dates back to 1977, will this week set out plans to reach £20 million in turnover by 2017 and create 140 jobs.

The co-operative launched with a single store in Edinburgh but embarked on a steady growth plan in 2001, which has seen it open shops in Aberdeen, Leeds, Manchester, Newcastle and Sheffield.