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    Brompton profits plunge more than 99% amid bike industry turmoil | The Guardian

    the dive in profits was primarily down to selling fewer bikes than planned amid “a really sad state of affairs” in the global bicycle market. The sector is awash with overstocks after overestimating demand since the coronavirus pandemic.
    Despite the industry’s troubles, Butler-Adams said Brompton was protected by offering “more utilitarian” bicycles that people turned to for commuting. He remains optimistic about the industry’s long-term prospects as governments around the world recognise the importance of cycling for health and environmental reasons. Cities such as London, Manchester, Paris, Shenzhen, New York and Vancouver have been building infrastructure to encourage more cycling.

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