As expected, the world-famous saddle maker has found a buyer

Brooks bought

Four offers were on the table and Brooks – with 25 staff – went to the highest bidder, believed to be for £350 000.

It was not possible to find out whether the successful bidder is from the bike trade or is UK based.

Brooks had a 1999 turnover of £1m, with profits of £240 000. As a ‘going concern’ it’s strange it went for such a low amount.

In other news...

Halfords sees cycling growth of 35% with continued strength in e-mobility

Halfords has reported cycling LFL growth of 35.4% in its Q3 trading update, covering the …