Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 1.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0500 - 0.0500 |
Contract range | N/A |
Volume | |
Open interest | 87 |
Cazoo has announced a major change to its business model, plans to cut jobs and the departure of its chief executive.
LONDON & NEW YORK, March 06, 2024--Cazoo Group Ltd (NYSE: CZOO) ("Cazoo" or "the Company"), the UK online used car platform which makes buying and selling a car as simple as ordering any other product online, announces its intention to transition to a marketplace business model, leveraging the strength of the Cazoo brand and the market-leading ecommerce platform it has built in online automotive retailing for the benefit of the 13,000 car dealers operating in the UK’s highly fragmented used car
The troubled used car supermarket Cazoo is scrambling for a lifeline as it sinks further into a funding crisis.