Inchcape has forecast a 25% rise in pre-tax profits in 2022 despite its withdrawal from Russia’s car retail sector and a vow that it has “no intention to re-enter the market”.
Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.
Inchcape UK has followed the launch of its new bravoauto used car retail division with a group-wide rebrand which has redefined its car buyer offering.
New owner Inchcape expanding its global footprint into Caribbean with Simpson Motors acquisition barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
One of Barbados’ most successful businesses, the Simpson Motors Group is teaming up with an international automotive distributor to embark on a new path.On Monday, founder of Simpson Motors, Sir Kyffin Simpson announced the merger of the well known local dealership, its regional automotive distribution arm, ITC, and British multinational auto company, Inchcape.Describing the venture as a “business combination”, Sir Kyffin said the move was critical to what he termed “the next chapter”.The veteran businessman provided no details about the deal and leading local economist, Jeremy Stephen, believes the details are far too vague to provide a comprehensive analysis.