Eddy Merckx Cycles Hit by Strong Decline in Road Race Sales
ZELLIK, Belgium - Eddy Merckx Cycles is looking back at a multi-million loss over 2016. "The market for road race bike dropped by 25% last year and as specialist in this category we were hit unexpectedly hard," explains Bart Van Muylder chairman of the board of Eddy Merckx Cycles and CEO of owner Diepensteyn NV.
Continue reading this article?
- Create an account under a minute and continue reading
- Read 2 articles for free every month