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

A freelance sports journalist and podcaster, you'll mostly find Chris's byline attached to news scoops, profile interviews and feature writing across a variety of different publications. He has been writing regularly for Cycling Weekly since 2013.

Previously a ski, hiking and cycling guide in a number of places, but mostly in the Canadian Rockies and Spanish Pyrenees, he almost certainly holds the record for the most number of interviews conducted from snowy mountains.

He lives in Valencia, Spain.