Online car dealer Cazoo falls into administration [Yahoo! Finance]
Cazoo Group Ltd Class A Ordinary Shares (CZOO)
Company Research
Source: Yahoo! Finance
The company has also made 728 redundancies following a restructuring in March, administrators Teneo said. Cazoo became popular during the Covid pandemic when car buyers had to buy online. But the loss-making company has been struggling to raise money from investors, and earlier this month it said it intended to appoint administrators in a filing with US regulators. On Tuesday administrators from Teneo were appointed to try to find a buyer for the business. The firm has 208 employees remaining. It is a dramatic fall from grace for the business, which surged in popularity during the Covid pandemic and subsequent lockdowns. Back in 2021, if you hadn't used Cazoo, you probably would have seen or heard of it. Its branding was splashed everywhere, with the company sponsoring Premier League football teams Aston Villa and Everton, as well as a host of other major sporting events like darts and snooker. Cazoo was different to other more traditional car dealers - it was a tech bu
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CZOO
News
- UK online car retailer Cazoo enters administration [Yahoo! Finance]Yahoo! Finance
- Administrator Appointed As Used Auto Site Cazoo Fails NYSE Compliance [Forbes]Forbes
- Online car retailer Cazoo files for administration in UK [Yahoo! Finance]Yahoo! Finance
- UK online car retailer Cazoo files for administration [Yahoo! Finance]Yahoo! Finance
- Used car retailer Cazoo files for administration in U.K., board recommends winding up [Seeking Alpha]Seeking Alpha
CZOO
Sec Filings
- 5/21/24 - Form 6-K
- 5/1/24 - Form 424B3
- 5/1/24 - Form 6-K
- CZOO's page on the SEC website