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 · May 21, 2024

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 · May 21, 2024

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 · Oct 4, 2023

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 · Sep 8, 2022

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 · Sep 8, 2022

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 · Jun 7, 2022

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.

Evening Standard · May 3, 2022