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Cazoo chief executive steps down after 97pc collapse in value

HAYSIEHAYSIE Member Posts: 35,862
in The Rail

https://www.msn.com/en-gb/money/other/cazoo-chief-executive-steps-down-after-97pc-collapse-in-value/ar-AA16tp9F?ocid=msedgntp&cvid=3e0d0329a5ba42078c35e96e92964c4f
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  • Tikay10Tikay10 Member, Administrator, Moderator Posts: 169,669
    edited January 2023
    Pretty sure that they've almost arrived at Busto City.

    The amount they have spent on advertising & sponsorship is obscene, & never looked viable.

    They have just withdrawn at short notice from sponsoring Snooker events, including this week's World Grand Prix & the upcoming World Championships. I expect them to withdraw from sponsoring Darts & Boxing shortly, as well as Horse Racing.

    Think they've pulled all their TV advertising too.

    Recent press noise suggests that their much-vaunted "150 point check" never actually existed either & they are being sued left right & centre.

    What a mess.

    I'm sad for the staff of course.
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