LONDON, UK: Inchcape Plc has agreed to sell its UK Retail operations to Group 1 Automotive UK Limited, a wholly-owned subsidiary of Group 1 Automotive Inc. (NYSE: GPI) for a cash consideration of approximately £346 million. In FY2023, Inchcape’s UK Retail operations generated revenue of £2,065m, 18% of Group revenue, and adjusted operating profit of…
All posts tagged Inchcape Plc
Inchcape disposes of Toyota and Audi retail operations in St. Petersburg for £70 million
LONDON: Inchcape plc, the leading independent multi-brand automotive distributor with global scale, has agreed the sale of its Toyota and Audi retail operations in St. Petersburg to KlyuchAvto, a local market operator. The Group has agreed to dispose of the Toyota and Audi retail business for an enterprise value of c.£70 million, which will be…
Duncan Tait appointed as Group CEO of Inchcape plc
LONDON: Inchcape plc has announced that Duncan Tait will join the Board as Group Chief Executive Officer (Designate) with effect from 1 June 2020 and will assume his full role on 1 July following a period of handover from Stefan Bomhard. Inchcape plc is the leading independent multi-brand Automotive Distributor and Retailer, operating in 33…