The instant delivery bubble has burst – investors have serious questions to answer [Yahoo! Finance]
Cazoo Group Ltd Class A Ordinary Shares (CZOO)
Company Research
Source: Yahoo! Finance
The companies that would deliver a jar of mayonnaise , some shampoo, or, if you were throwing an impromptu party, a few bottles of gin, are all falling by the wayside. The trouble is, the venture capital houses that threw billions of investment at the industry now have some tough questions to answer. If they got this so badly wrong, it is hard to understand how they can be trusted with anyone's money. At least there won't be so many brightly coloured bikes clogging up city centre streets. The instant delivery company Getir announced last week that it was quitting the UK, Germany, the Netherlands and the US, and would focus instead on its home market in Turkey. It has already pulled out of France, Spain and Portugal. It is far from alone. Many of its rivals have already scaled back operations, or else closed their doors completely. If you need something delivered to your front door within the next few minutes there are far fewer options than there used to be. It is unlikely th
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News
- British used car startup Cazoo was once worth $7 billion. It's since lost nearly 100% of its value and is flirting with bankruptcy—what went wrong? [Yahoo! Finance]Yahoo! Finance
- British used car startup Cazoo was once worth $7 billion. It's since lost nearly 100% of its value and is flirting with bankruptcy—what went wrong? [Fortune]Fortune
- UK online car retailer Cazoo discloses intent to enter administration [Yahoo! Finance]Yahoo! Finance
- Online used car retailer Cazoo close to collapse [Yahoo! Finance]Yahoo! Finance
- PRESS DIGEST-British Business - May 9 [Yahoo! Finance]Yahoo! Finance
CZOO
Sec Filings
- 5/1/24 - Form 424B3
- 5/1/24 - Form 6-K
- 5/1/24 - Form NT
- CZOO's page on the SEC website