Eddy Merckx Cycles reports multi-million euro loss in 2016

Eddy Merckx Cycles increased its sales but reported a loss of income, attributing it to less people buying bikes.

(Image credit: chris catchpole)

Eddy Merckx Cycles has doubled its sales in the past two years - but has reported a multi-million euro loss for 2016.

The bike company, which the legendary cyclist handed control over to Diepensteyn NV in 2014, sold close to €9m of bikes last year, continuing the trend set in 2015 of increasing the number of bikes it sells. However, it expected to sell even more.

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Chris Marshall-Bell