Media365 editorial staff, published on Thursday, September 08, 2022 at 2:40 p.m.
The main jersey sponsor of Marseille and Lille will refocus on the UK-only market.
Main partner of OM and Losc, Cazoo will reduce its activity in Europe. The company specializing in the online sale of used vehicles announced Thursday a financial restructuring which could affect the two Ligue 1 clubs it sponsors.
» With the aim of achieving profitability by the end of next year, we have made the difficult decision to focus solely on the huge UK used car market of over £100bn per year. year said Alex Chesterman, Founder and CEO of Cazoo, in a statement.
Wave of layoffs
We also learn a orderly liquidation of operations in Germany and Spain » and an » consultation with its staff representatives in France and Italy. The company said in early August that it was conducting a review of its operations in Europe. The response confirms the supposed fears.
We must therefore expect the announcement of many layoffs. If Cazoo’s turnover will decrease considerably by the end of next year, what about his investment with OM and Losc?
The jerseys of Aston Villa and Everton (Premier League), Real Sociedad and FC Valence (Liga), Bologna (Serie A) or Friborg (Bundesliga) also feature Cazoo.