Cazoo head of operations James Dower is to leave the business on 31 August. He said he had been proud to lead a “hugely effective operational team that have delivered incredible efficiencies and outstanding performances across the wholesale business. “To the site, field inspection, imaging and logistics teams I would like to say a huge […]
Read More →Cazoo has sold its German subscription business, Cluno, to ViveLaCar and The Platform Group. The portfolio includes several thousand vehicles in Germany. Financial terms were not disclosed. The deal concludes Cazoo’s withdrawal from the German market and, with previously announced sales of other businesses in Europe, largely completes Cazoo’s entire withdrawal from mainland Europe. Cazoo […]
Read More →Cazoo delivered its 100,000th used car last week and rewarded the customer with a full refund. The company claims it has become one of the UK’s largest used car retailers with CEO Alex Chesterman saying “consumers love what we are doing as evidenced by the overwhelmingly positive reviews we receive each day”. Cazoo is targeting […]
Read More →The BBC has reported on the “boom” in online car sales in a widely-read online piece. Cazoo boss Alex Chesterman stated that online and offline retailers can still coexist. “We are at less than 2% digital today and maybe we get 20% digital in five years. That still means 80% of the world carries on […]
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 →New-start online retailer Cazoo has bought Imperial Car Supermarkets for an undisclosed sum. The move takes Cazoo from being an online-only, home delivery, retailer to being a more traditional used car dealer. A spokesman for Cazoo said: “The deal, combines Cazoo’s leading digital capabilities and platform with Imperial’s extensive infrastructure and expertise. It will accelerate […]
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