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Management Buyout Motorworld

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STRATFORD, UK (12 December) – Over 800 jobs have been saved at Motorworld, second largest (after Halfords) of the UK’s largest retailers of goodies for the car aftercare market (annual turnover GBP 50 million (US$ 72.5 mn;EUR 81.7 mn) following the completion of a management buy-out led by Managing Director John Mousell, for an undisclosed […]

STRATFORD, UK (12 December) – Over 800 jobs have been saved at Motorworld, second largest (after Halfords) of the UK’s largest retailers of goodies for the car aftercare market (annual turnover GBP 50 million (US$ 72.5 mn;EUR 81.7 mn) following the completion of a management buy-out led by Managing Director John Mousell, for an undisclosed sum. Motor World’s core product areas include vehicle replacement parts, general car accessories, audio and performance, bicycles and associated leisure products. The company operates 200 stores in the UK and employs over 800 people. Motorworld was acquired by Finelist PLC for GBP48 million in July 1996, and moved to Autodis in October 2000. John Mousell, Motor World MD since June 1998, leads the new management team consisting of Joe Hopwood, Finance Director, David Hudson, Operations Director and Howard Brook, Logistics Director. In the short term, Mousell’s team plans to open new stores over the next 12 months, with 4 positioned in “out of town” locations by end 2001. A new distribution and warehouse facility is also planned to open in July 2001 in Bradford, West Yorkshire. In the long term, they hope to have an additional 40 stores open across the UK by 2005. (MR)

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