Cazoo (CZOO) Announces Business Realignment Plan
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Cazoo Announces Business Realignment Plan
June 7, 2022 6:30 AM EDTPlan designed to de-risk path to profitability and to extend cash runway beyond year end 2023Â
Cazoo to implement a business realignment plan given current economic climate Plan designed to right-size the business and position Cazoo for profitable growth Focus on improving retail unit economics, reducing costs and maximising liquidity Delivers >£200m savings to budget and sustainable margins over next 18 months Demand remains strong with projected FY22 unit sales & revenue up >100% YoY Strong balance sheet with >£400m of cash and >£200m of self-financed... More