Cambria’s management team, including CEO Mark Lavery, finance director James Mullins and managing director Tim Duckers, has offered 80p a share for the business to take the plc private. A stock market statement issued this morning reported: “There can be no certainty that an offer will be made. A further announcement will be made when […]
Read More →Premium and luxury brand group Cambria was performing well before the coronavirus and lockdown struck the economy Chief executive Mark Lavery said Cambria Automobiles was planning for “return to work scenarios that can be initiated at the appropriate time”. He commented they had “sufficient liquidity to see through the challenges that the pandemic currently presents”. […]
Read More →It is hoped that jobs at The Leven Car Company, which went into administration earlier this month, will be saved. It’s expected that Cambria and Vertu will split the business between them and take on the existing staff. Cambria are in negotiation to buy the Aston Martin and Rolls-Royce operations. This leaves Vertu to take […]
Read More →Franchised motor retail group Cambria has bought the Land Rover operation in Welwyn Garden City from Jardine Motors Group for £10.8 million. Cambria has also disposed of its Jaguar and Aston Martin franchises in Exeter to Helston Garages. The consideration for the disposal is expected to be in the region of £1.3 million. The added […]
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