Bicycle Maker Brompton Faces Profit Collapse Amid Market Struggles
It’s a tough ride for the bike industry, as Brompton Bicycle, one of the UK’s most well-known folding bicycle makers, experiences a jaw-dropping 99% drop in profits for the financial year ending March 2024. The company’s net profit fell from £10.7m to just £4,602, less than the cost of its high-end T Line Explore model….