US EditionOnline car dealer Cazoo collapses into administration putting 200 jobs at risk
- Online car seller Cazoo has entered administration, leading to the loss of hundreds of jobs due to a heavy restructuring. Administrators from Teneo are managing the company and aiming to sell off its remaining marketplace business.
- Over 700 employees have been laid off, but some will be retained to run the marketplace model while the sale process is ongoing.
- Teneo's focus on selling off Cazoo's marketplace business has attracted interest from potential buyers, including the recent sale of the group's wholesale arm to G3 and assets to Constellation Automotive, owner of Cazoo's competitor, Cinch.
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13 Articles
13 Articles
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Center
8
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right0Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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