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The Latest Breaking News from Cazoo

Star fund manager Train loses on share picks in Cazoo and Manchester United

STAR city fund manager Nick Train today admitted he has struggled for form lately, with investments in Cazoo and Manchester United among those costing his customers.

Evening Standard

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

Zoopla founder’s used car sales app Cazoo calls in administrators

The company has appointed administrators from Teneo, who will seek to sell off Cazoo’s remaining marketplace business

The Independent UK

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Hundreds of jobs at risk as online car retailer enters administration

An online car retailer has entered administration with over 200 jobs at risk ...

The National (Scotland)

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

Cazoo car crash, skidding on a shares fall of 99.9%, ends an American dream

Investors denied used-car website a £6bn-plus valuation in London, leaving New York to do the deal. UK fund managers are not such dinosaurs then

The Guardian - UK

Cazoo expects more costs from $630m debt restructuring plan as sales tumble

Shares have plummeted since Cazoo’s 2021 IPO

Evening Standard

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Aston Villa announce new Premier League shirt sponsor axed by rival club

Premier League side Aston Villa have confirmed BK8 will be their front-of-shirt sponsor for the 2023-24 season, and two seasons beyond that, following the new deal

Daily Mirror

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

The Derby lands on gambling sponsor after blue-chip name search fails

The Derby at Epsom, Britain’s most historic and prestigious Classic, will be sponsored by a gambling company for the first time

The Guardian - UK

Automotive retailer Cazoo's North East sites closed as major restructuring under way

The online disruptor said it had readjusted plans to focus on 'more modest top line ambitions'

Birmingham Post

Talking Horses: Derby must avoid bookmaker backing for good of racing

If a bookie is the only option for the Epsom Classic sponsor, it may be better to go with no sponsor at all

The Guardian - UK

Everton may face awkward decision on record sponsorship deal after government review

The government are reported to be close to a deal with the Premier League over gambling sponsorships

Liverpool Echo

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Birmingham Post

300 Lincolnshire jobs at risk an online car dealer Cazoo

Nationally more than 3,000 UK staff are being consulted

Insider UK

Cazoo consults on Scottish closures - with 100 jobs at risk

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

Evening Standard

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

The Guardian - UK

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

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Wales Online

Cazoo to cut 750 staff by closing European car markets

The online car retailer says it will save more than £100 million

Evening Standard

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.

Liverpool Echo

Everton sponsorship decision prompts Cazoo rethink over possible partnerships

Cazoo saw their deal with Everton ended a year early as the Toffees moved in another direction

Liverpool Echo

Everton avoid shirt sponsor problem after government decision

Everton have been urged by supporters to abandon their partnership with Stake.com

Evening Standard

Tech guru raises $500m to invest in Camden, the ‘New Palo Alto’

Saul Klein, the tech entrepreneur and investor behind companies such as Cazoo, Wise and Nanopore, has raised $500m to invest in tech companies at all stages from their first days through to publicly-quoted stocks.

Birmingham Post

Tyneside's Notify Technology secures £3.1m in latest investment round to ramp up development

The Wallsend firm counts the likes of Travis Perkins, Siemens Mobility, Birmingham City University and Cazoo among its clients

Liverpool Echo

Everton fans teased by hummel over new 2022/23 home kit release

Everton fans are still waiting to see their new home kit for the 2022/23 Premier League season... and could be forced to wait a little longer

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