The family owned franchised dealer group, Victor Wood Group has been bought by Wilson and Co (Kia) Ltd, trading as Drayton Motors. Victor Wood operated the Kia dealership in Grantham. This is Drayton Motors third Kia dealership, as they already represent the brand in Boston and Louth. Tim Griffin, Managing Director said “ After nearly […]
Read More →Cazoo is investigating going public with an IPO valuation potentially more than £5bn. It is working with bankers on options, which could involve a London listing, or a merger with a New York-listed special purpose acquisition company, or SPAC. Sky News says any move would not take place until much later in the year. Shares […]
Read More →Mercedes-Benz Retail Group has posted a £35.8m loss for the year ended December 2019, up from a £21.2m loss in 2018. Turnover was broadly even at £1bn. The retailer blamed a £17.1m write off related to a re-evaluation of its properties, and a targeted 20% reduction in low-margin corporate business. Reduced customer demand and MBRG’s […]
Read More →The new Marshall SEAT & CUPRA Oxford is now open. This new franchise dealership is further investment in Marshall’s SEAT portfolio which already includes Braintree, Cambridge and Leicester. The site, a vacant Vauxhall dealership, is between Marshall’s Jaguar Land Rover and Volkswagen retailers, on Milton Gate, Milton Park, Abingdon. Milton Park is the UK’s largest […]
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