Brompton boss says bike industry ‘in turmoil’ as profits nearly wiped out
The chief executive of Brompton has said the industry is “in turmoil” and predicted that 2025 will be another tough year after profits nosedived.
Profits at the brand fell 99% from £10.7m to just £4,602 in the year to March 2024, as Brompton struggled to compete with discounting competitors and an increasingly spending-conscious consumer.
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