Cazoo to wind down mainland Europe operations, shares up

Cazoo

08/09/2022 11:46

** Shares of online car retailer Cazoo Group Ltd  CZOO.N  up
3.3% at $0.62 in premarket trading
    ** CZOO announces to wind down operations in mainland Europe
to focus on core UK market  urn:newsml:reuters.com:*:nBw2CnBbga
    ** Earlier on Aug. 2, co said that it was conducting
strategic review of its business in mainland Europe, aiming to
preserve cash and achieve profitability
    ** Adds that it is now targeting cash flow breakeven by the
end of 2023
    ** As of last close, stock fell ~90% this year
    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))