London, 15 April 2024 – Inchcape plc (“Inchcape” or “the Group”) has today agreed the sale of its UK retail operations (“Inchcape UK”) for £346m toGroup 1. The deal marks a major milestone in Inchcape’s consolidation into a distribution-focused business. ...
Inchcape has successfully concluded the sale of its UK retail operations to Group 1 Automotive, with a transaction value of £346m ($443.5m). The deal,which was initially made public in April, encompasses the company’s automotive retailing business and the associated real estate holdings. The...
and Americas. Its distribution platform connects the products of mobility company partners with customers. Retail segment includes the sale of new and used vehicles, together with associated aftersales activities of service, body shop repairs and parts sales in Europe. The Retail segment includes Polan...
International trading group Inchcape was expected to announce the sale of its product testing division-a major plank of its restructuring.Details of the disposal of insurance broker Bain Hogg were also awaited. On both counts the new broom team chairman Sir Colin Marshall and chief executive Philip...
Annual Report and Accounts 2014 CAR PARC DRIVERS 60% of total Group gross profit The Car Parc market – the total number of cars on the road and the key driver of Aftersales and the sale of Used Vehicles – is around 10 times larger than the New Vehicle market, and delivers higher ...
Inchcape Shipping Services is a provider of marine services, such as cargo shipping, offshore services, port agency management, crew management, port operations, and the purchase and sale of second-hand and new containers. Use the CB Insights Platform to
On 15 April 2024, the Group announced that it had signed an agreement to divest its UK Retail business to Group 1 for cash consideration of £346m. The transaction is expected to complete in Q3 2024, subject to FCA approval. 1: Our UK Retail business has been treated as asset-held-fo...
Car parc growth in both the fast growing and advanced markets Research shows that the global car parc, comprising new and used cars, is set to grow by 16% over the next five years (source: LMC Automotive). While this is an obvious driver of our continued growth through the sale of new...
This is the sixth version of Inchcape’s Modern Slavery Statement and is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group’s slavery and human trafficking statement for the financial year ended 31 December 2023. This statement relates to Inchcape plc and...
Notice to overseas persons This Circular is not an offer of securities for sale in the United States and there has been and will be no public offer of the securities discussed herein in the United States. The securities discussed herein have not been and will not be registered under the US...