BNET Industries
Last Fiscal Year Sales:$7.8B
- Public
- UK
Dow Jones Description
You won't be inching along if you do business with Inchcape. Founded in 1847 and based in London, England, Inchcape PLC (London: INCH) is an automotive distribution, retail and finance company with principle operations in the United Kingdom, Greece, Belgium, Australia, Hong Kong and Singapore. Its primary business partners are BMW, Toyota/Lexus, Jaguar, Subaru, Mazda, Volkswagen, Land Rover and Mercedes-Benz. The company's activities include retail of new and used cars, consumer and dealer finance, insurance, leasing and automotive ecommerce. The company had 2005 revenue of $7.9 billion and employs about 10,300 people. In March 2006 it entered a joint venture with Independence Group for retail and service of Toyota vehicles in the high growth Moscow market
Group CEO
Andre LacroixNumber of Employees 15,000
NAICS Code Other Individual and Family Services: 624190
Recent Events
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BRIEF-RESEARCH ALERT-UBS starts Asos with buy rating
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Inchcape H1 Profit Plunges; Remains Cautious Of H2 - Update
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STOCKS NEWS UK-Micro Focus falls on renewed Borland battle
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Inchcape appoints two non-executive directors
News & Analysis
Filter by
inchcape plc. - All News and Analysis
Inchcape lifts number of job cuts to 1,900 and scraps final dividend
In yet another blow to the motor industry, the global car dealership Inchcape is scrapping its dividend and making 300 more staff redundant as it prepares for sales that will fall "significantly below" expectations next year. Shares in Inchcape dropped 28 per cent to 50.75p after the announcement....
Profit warnings and sagging retail salesadd to recession fears
Gloomy outlook for Savills, Inchcape and UK Coal Further evidence that the UK economy has gone into reverse was provided yesterday by a trio of profits warnings from companies operating in widely different sectors, as well as further grim sales figures from the high street....
Prudential pummelled by capital worries
Market Report THE MIGHTY Prudential took a battering as world stock markets continued to plummet, amid fears the insurance group's balance sheet might need some urgent repair work. The shares fell to their lowest level in five years, triggered by a warning from Goldman Sachs...
Ken Hanna to leave Cadbury
Business News In Brief FOOD The finance director of Cadbury is to leave the confectionery group in April next year and become chairman of Inchcape, the car retailer, the following month. Ken Hanna, who has been at Cadbury for five years, wants to pursue anumber of non-exec-...
Inchcape's spin machine fails to convince market
THE INVESTMENT COLUMN Our view: Sell Share price: 258.75p (-37p) IN THESE times of economic peril, every company that has an overseas operation has been cranking up its spin machine to explain how well diversified it is and how its emerging markets business...
Inchcape is going places with eastern Europe sales drive
THE INVESTMENT COLUMN Our view: Buy Share price: 406.75p (+11.25p) The motor dealer Inchcape is driving hard to establish itself in emerging countries. A fast-growing middle class has the cash to splash out on imported up-market brands such as BMW, Audi and Toyota/ Lexus....
Inchcape's new strategy drives growth.
RESULTS: Selling smart cars in fast-growing economies has helped keep profits motoring ahead. Amanda Vermeulen A new focus on core operations and an aggressive move into high-growth emerging markets - key elements of the new business strategy unveilled in 2006 - fuelled another year...
Barratt hopes for thaw in freezing housing market
THE INVESTMENT COLUMN Our view: Hold Share price: 399p (+36.25p) The housing market has gone into deep freeze, decimating shares of leading builders. But perhaps a thaw is under way. Barratt Developments, whose shares have been the weakest in the sector, rallied yesterday. ...
Inchcape sales accelerate.
A strong sales performance from Inchcape reflects the strength of the group's international business model Shunil Roy-Chaudhuri Shares in international car dealer Inchcape rose by 7 per cent to 478p on Tuesday following a third quarter trading update. Investors reacted positively to news that...
Inchcape upbeat after first half
Inchcape, the car retailer, posted a 7.1 per cent rise in underlying first-half profits to [pound]120m, as emerging market profits tripled while domestic business was boosted by its acquisition of rival Lind. Inchcape said it remained confident about the remainder of 2007 despite the effect of rising interest rates.
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Andre Lacroix | Group CEO |
| Michael Wemms | Executive Director |
| Graeme Potts | Managing Director |
| Barbara Richmond | Director, Finance |
| Roy C. Williams | General Counsel & Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Peter Johnson | Chairman |
| David Scotland | Board of Directors |
| John Egan | Board of Directors |
| Karen Guerra | Board of Directors |
| Ken Hanna | Board of Directors |
| Michael Wemms Biog | Board of Directors |
| Raymond Ch ien | Board of Directors |
| Raymond K F Ch | Board of Directors |
| Simon Robertson | Board of Directors |
| Trevor Taylor | Board of Directors |
| Will Samuel | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Group CEO | Current |
| Inchcape PLC | Group Chief Executive | Current |
| Inchcape PLC | Board of Directors | Current |
| Reckitt Benckiser plc | Board of Directors | Current |
| Euro Disney S.C.A. | Chief Executive Officer | Former |
| Euro Disney S.C.A. | Chairman | Former |
| Escp Corporation | Former |
Michael was appointed to the Board in November 2006 and is Chairman of the Remuneration Committee. He was Chairman of House of Fraser plc from 2001 until November 2006 and is a Non Executive Director of Inchcape plc, Majid Al Futtam Group and Cole Myers Limited. He was Chairman of the British Retail Consortium from 2004 until 2006. Michael was an Executive Director of Tesco plc from 1989 to 2000, with responsibility for Store Operations from 1991. He commenced his management career with Tesco in 1971 and held a wide range of executive positions in Supply Chain, IT, Finance and Administration before assuming his Board responsibilities.
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Executive Director | Current |
| Coles Group Limited | Board of Directors | Current |
| Inchcape PLC | Board of Directors | Current |
| Majid Al Futtaim Group LLC. | Board of Directors | Current |
| Store-Operations | Executive Director | Former |
| Tesco Plc | Executive Director | Former |
| Tesco Plc | Managing Director | Former |
| Tesco Plc | Operations Director | Former |
| House of Fraser PLC | Chairman | Former |
| Galiform Plc | Board of Directors | Former |
| House of Fraser PLC | Director | Former |
| Coles Myer Ltd. | Board of Directors | Former |
| Tesco Plc | Director | Former |
| Cranfield University | Mba Advisory Board | Former |
| Cranfield University | member | Former |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Managing Director | Current |
| Inchcape PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Director, Finance | Current |
| Inchcape PLC | Board of Directors | Current |
| Scarborough Building Society | Board of Directors | Current |
| Croda International Plc | Group Finance Director | Former |
| Carclo plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | General Counsel & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Bunzl Plc | Executive Director | Current |
| Inchcape PLC | Vice Chairman & CEO | Former |
| The Marshall Group, Inc. | Chief Executive | Former |
| The Rover Group, Inc | Sales and Marketing Director | Former |
| Inchcape PLC | Chairman | Former |
| The Rank Group Plc | Chairman | Current |
| Bunzl Plc | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Wine Intelligence Co | Chairman | Current |
| Brixton Plc | Board of Directors | Current |
| Inchcape PLC | Board of Directors | Current |
| Photo-Me International plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| The Owners Group Inc. | Director of Governance | Current |
| Criticaleye | Associate | Current |
| Severn Trent Plc | Chairman | Current |
| Inchcape PLC | Board of Directors | Current |
| Severn Trent Plc | Board of Directors | Current |
| BAA plc | Chief Executive | Former |
| Massey Ferguson Corp. | Former | |
| Inchcape PLC | Chairman | Former |
| MEPC Limited | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Cadbury plc | Chief Financial Officer | Current |
| Inchcape PLC | Board of Directors | Current |
| Compass Partners International, L.L.C. | Operating Partner | Former |
| Avis Europe Plc | Group Finance Director | Former |
| Cadbury plc | Board of Directors | Former |
| Cadbury Schweppes plc | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Galiform Plc | Board of Directors | Current |
| Moneysupermarket.Com Limited | Board of Directors | Current |
| Inchcape PLC | Board of Directors | Current |
| Adpharma | Board of Directors | Current |
| Tesco Plc | Executive Director | Former |
| House of Fraser PLC | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Board of Directors | Current |
Dr. Raymond K.F. Ch'ien is Chairman of CDC Corporation and its subsidiary, China.com Inc, and Chairman of MTR Corporation Limited. He serves on the boards of HSBC Holdings plc, the Hongkong and Shanghai Banking Corporation Limited and Inchcape plc. In public service, Dr. Ch'ien is Chairman of the Advisory Committee on Corruption of the Independent Commission Against Corruption; Chairman of the Hong Kong/European Union Business Cooperation Committee and is a Hong Kong member of the APEC Business Advisory Council. He is an Honorary President and past Chairman of the Federation of Hong Kong Industries and a Trustee of the University of Pennsylvania. From 1992 to 1997, Dr. Ch'ien was a member of the Executive Council of Hong Kong, then under British Administration. He was appointed a member of the Executive Council of the Hong Kong SAR on July 1, 1997 and served until June 2002. Dr. Ch'ien received a doctoral degree in Economics from the University of Pennsylvania in 1978. He was appointed a Justice of the Peace in 1993 and a Commander in the Most Excellent Order of the British Empire in 1994. In 1999, he was awarded the Gold Bauhinia Star Medal.
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Inchcape PLC | Board of Directors | Current |
| Inchcape PLC | Deputy Chairman | Former |
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