Lookers plc has completed its acquisition of the Bristol Trade Centre, a used car supermarket
AM 100 No 9 listed automotive retailer Lookers plc has announced interim record results for the half-year ended June 30.
FPS, the UK’s largest automotive parts warehouse distributor to the independent aftermarket, has exchanged contracts for the acquisition of its entire share capital worth £31million with Lookers plc – the dealer group listed at No 9 in the AM100.
Lookers plc has reported 19% growth in pre-tax profits to £14m on turnover up 22% to £961m for 2003.
Lookers plc's Northern Ireland subsidiary Charles Hurst has completed the acquisition of the two-outlet Vauxhall dealer Savilles Auto Village in the province for £3.3m in cash, and EM Group has bought two John Grose Group Ford outlets in East Anglia.
Lookers plc, the top ten UK retail motor group, has announced record results for the half-year ended June 30 2003.
Lookers plc has completed the acquisition of the Renault franchise for south Manchester and central Cheshire with the purchase of Jackson & Edwards Ltd from January 2, 2003.
Volume and specialist marque car retailer Lookers plc will be driving aftermarket growth and expanding its sales territories after announcing record first half results.
Lookers plc has posted an impressive 55% increase in pre-tax profits to £10.1m for 2001 on turnover up 23% to £718m.
Lookers plc has today acquired the Vauxhall franchise for Birmingham – one of the largest and most important market areas in the UK.
Lookers plc has sold SMAC Continental Ltd, its Mercedes-Benz dealership in Southend, Essex, for around £5.1m cash to the Lancaster group.
A nationwide programme to 'attract, develop and value our people' has cut employee turnover at Lookers plc in half over the past four years.
Fred Maguire, Lookers plc executive chairman, believes it is important the industry sees the forthcoming changes in Block Exemption as an opportunity, not a threat.
Lookers plc will soon start major redevelopment work at its Charles Hurst Group headquarters in Boucher Road, Belfast. The redevelopment will be centred around the creation of brand new separate Nissan and Renault showrooms, supported by a joint back-office facility, and the building of a separate Lexus showroom.
Lookers plc this week became the first victor in Renault and Nissan's radical shake-up of its dealer networks in the UK and elsewhere.
