Automotive industry, Online shopping, Consumer affairs, Business, Money, Technology sector, Job losses, UK news, Retail industry Business | The Guardian
UK-based used-car website once valued at £6bn is now looking for a buyer for its remaining assetsThe online car dealer Cazoo which was once valued at $8bn (£6.3bn) has collapsed into administration, putting 200 jobs at risk.Administrators at Teneo have been appointed to the business, which was founded by Alex Chesterman, the serial entrepreneur who also launched property site Zoopla and Netflix forerunner LoveFilm. Continue reading…
UK-based used-car website once valued at £6bn is now looking for a buyer for its remaining assets
The online car dealer Cazoo which was once valued at $8bn (£6.3bn) has collapsed into administration, putting 200 jobs at risk.
Administrators at Teneo have been appointed to the business, which was founded by Alex Chesterman, the serial entrepreneur who also launched property site Zoopla and Netflix forerunner LoveFilm.
