After months of delays and a suspension from the Stock Exchange, Lookers has issued its financial results for 2019 which include a downward adjustment of £25.5m in profitability. The troubled franchised dealer group dropped to a £45.5 million loss before tax in the 12 months to 31 December 2019 down from a profit of £41.9m in 2018. […]
Read More →Three franchised dealer groups have announced their end of year result. Warwick’s Rybrook Holdings saw turnover increase from £749m to £811m in the year ended 31 December 2019. Profit before tax, however, declined from £1.9m to £1.2m. During the year, they acquired Jaguar and Land Rover Stoke for £1.2m, selling the Jaguar operation in June […]
Read More →Franchised retail group Lookers is set to become the next retailer to open a Polestar store. The retailer is currently advertising for staff to work in its almost completed Manchester store in the city’s Trafford Centre. The news comes in the same week Lookers announced it plans to recruit 180 new apprentices across the group and […]
Read More →Robert Forrester, Daksh Gupta, Mike Hawes and Sue Robinson have all criticised the lockdown measures to be introduced on Thursday. The lockdown will force auto retailer showrooms to close. Mr Forrester, CEO of franchised retail group Vertu, warned that some businesses will be in the balance on the decision. “I suspect this disruption won’t end […]
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