Halfords was amongst a list of bidders that presented indicative offers for the almost century old British bike chain earlier this week, Sky said. https://bit.ly/2xHR75M

Halfords declined to comment on the report while Evans was not immediately available to comment.

The other turnaround investors that were interested required privately-owned Evans to find more than 10 million pounds in fresh capital to see it through the next few months of trading, Sky said.

A squeeze on British consumers from inflationary pressures and sluggish wage growth is denting spending on discretionary goods.

Halfords has a market capitalisation of 669 million pounds, according to Thomson Reuters I/B/E/S.

(Reporting by Mekhla Raina in Bengaluru; Editing by Elaine Hardcastle)