29 January 2024
Inchcape plc
Response to media reports relating to our UK Retail business
The Board of Inchcape notes the recent press speculation in relation to our UK Retail business.
Inchcape confirms that following approaches from a number of interested parties it is reviewing strategic options for the UK Retail business, which potentially could include a sale. This review is at a very early stage and there can be no certainty that it will result in a transaction.
Contacts
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Inchcape plc (Investor queries): |
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Rob Gurner |
+44 (0)7825 189 088 |
investors@inchcape.com |
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Krishma Arora |
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Dentons Global Advisors |
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James Melville-Ross |
+44 (0) 207 038 7419 |
inchcape@dentonsglobaladvisors.com |
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James Styles |
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Leah Dudley |
About Inchcape
Inchcape is the leading global automotive distributor, with operations across six continents.
By combining our in-market expertise with our unique technology and advanced data analytics, we create innovative customer experiences that deliver outstanding performance for our partners - building stronger automotive brands and creating sustainable growth.
Our distribution platform connects the products of mobility companies with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.
Delivering for our partners, our customers and our people - so they can realise their ambitions in the new world of mobility.
The Group is headquartered in London and employs over 21,000 people globally.