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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Cazoo to abandon business operations in EU and cut 750 jobs

Cazoo European Union Europe Alex Chesterman United Kingdom Germany Aston Villa France Italy Spain
In the UK Cazoo will retain sponsorship of Aston Villa, the Hundred, horse racing’s Derby and FishOMania.
In the UK Cazoo will retain sponsorship of Aston Villa, the Hundred, horse racing’s Derby and FishOMania. Photograph: Steven Paston/PA

Online car retailer Cazoo has announced it will abandon its business in the European Union and cut 750 jobs in the latest sign of retreat by a business that had hoped to transform its sector.

The company will make redundant all of its employees in France, Germany, Italy and Spain as it closes the operations, leaving it operating in only the UK as it tries to preserve cash.

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