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The Latest Breaking News from Alex Chesterman

Online car dealer Cazoo collapses into administration putting 200 jobs at risk

UK-based used-car website once valued at £6bn is now looking for a buyer for its remaining assets

The Guardian - UK

Nasdaq-listed Cazoo has collapsed. Did London dodge a bullet?

"We’re not just repeating what’s been done in the industry,” the president of British EV company Arrival said ahead of its £10 billion float via a SPAC on the Nasdaq in 2021.

Evening Standard

Losses triple at used car marketplace Motorway amid £1.3 million accounting ‘error’

Online used car marketplace Motorway saw its losses more than triple in 2022, its annual report shows, as the firm discovered a £1.3 million ‘error’ in its previous accounts.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Alex Chesterman net worth | Evening Standard Tech Rich List

With one of the most diverse portfolios on this list, Alex Chesterman’s businesses do not have much in common other than being revolutionary upon their launch.

Evening Standard

Cazoo charts course to profitability as sales slip

There are tentative signs Cazoo is heading for profitability as the online car retailer said it was taking a more targeted approach to buying and selling vehicles amid a drop in revenues.

Evening Standard

Cazoo consults on Scottish closures - with 100 jobs at risk

Online used car dealer publishes revised strategic plan as it pushes for profitability

Insider UK

Cazoo axes jobs and slashes sales targets as founder Alex Chesterman quits as CEO

Cazoo shares have fallen 93% over the past year, with the firm posting a £243 million loss in the first half of 2022

Evening Standard

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Cazoo to abandon business operations in EU and cut 750 jobs

UK online car retailer will make all of its employees in France, Germany, Italy and Spain redundant

The Guardian - UK

Online car seller Cazoo performs Europe u-turn to focus on UK

The firm has opted to pull out of the four mainland European countries where it has a presence and focus on the UK in a bid to maintain its profitability targets and to avoid seeking eternal funding.

Evening Standard

Just do it: time for JD Sports to return furlough money

The ‘king of trainers’ wants to signal a new era and its bumper results present a perfect opportunity

The Guardian - UK

Cazoo sales hit £250 million despite turbulence

Online used car retailer Cazoo has seen its quarterly revenues top £250 million for the first time as it faced off challenging market conditions and a decline in consumer spending.

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