Tour de France Cycling Boom Helps French Family Firm Make Half a Billion Euros

July 20, 2023

Groupe Amaury, the closely held family business that owns the Tour de France, saw revenue jump by nearly a fifth last year, driven in part by a surging interest in the the world’s most famous bike race. Revenue climbed to €550 million ($616 million) in 2022, a gain of 17%, according to a company representative. Bloomberg (paywall)