Cazoo Group Ltd, a struggling digital retailer, has entered into administration, with Teneo Financial Advisory appointed to manage its voluntary liquidation. Joint administrators David Soden and Matthew Mawhinney will oversee the sale of various assets. Notably, G3 Remarketing and Constellation Group are in line to acquire certain assets, while the administrators are actively seeking a buyer for Cazoo’s marketplace operations.
Digital Retail, Financial Advisory, Automotive,United Kingdom
https://aimgroup.com/2024/05/21/cazoo-enters-administration-sells-assets-to-g3-remarketing-and-constellation-group-and-seeks-marketplace-buyer/