The brand has come a long way from the humble beginnings of three brothers in France who started out making wooden water mills and a steelwork to becoming one of the behemoths within the cycling world. <br><br> Peugeot's first bike that entered production was the "Le Grand Bi" in 1882, which was of the penny farthing style. This was the Peugeot cycling legend. The Peugeot cycling team was created in 1904 and took part in the second ever Tour de France that year and came first and second in 1905. Peugeot bikes have been ridden to victory in the Tour de France ten times between 1905 and 1977. In 1955 the Peugeot facility in Beaulieu was turning out 220,000 bicycles a year and had 3,500 employees on the books. However, in 1986 after a number of years with little success the Peugeot cycling team disbanded part way through the season due to budget problems. <br><br> In 2001 Peugeot entered into a partnership with Cycleurope to distribute bikes with its own brand through Europe.>