top
Brompton sells stakes to Decathlon and Chinese Labubu backer
Why this matters: a developing story that could shape the day's news cycle.
British bike maker says cycling market is recovering from sales slump and investments will add new expertise The French sports gear retailer Decathlon and a Chinese investment group that was an early backer of Labubu soft toys have bought stakes in the British folding bike maker Brompton, as its boss said the cycling market was recovering from a slump in sales.Decathlon has acquired a 10% stake in the manufacturer while BA Capital has bought 5% in a deal understood to collectively be worth about £18m. Continue reading...
Article preview — originally published by The Guardian. Full story at the source.
Read full story on The Guardian →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from The Guardian alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop