QuickView: New strategy unfolds
Inchcape is a unique, high-quality business with a consistent record over many years. The strategy announced this week by the new CEO points positively to the future, building on many of the group’s existing qualities. Downstream operations in the distribution and retail activities limit the likely impact of any global recession. The shares offer strong medium-term attractions.Inchcape is engaged as an automotive Distributor and Retailer with global scale. Co. has four operating segments: Asia, which is the Distributor and exclusive Retailer for Toyota, Lexus, Hino and Suzuki and operate Distribution and exclusive Retail for Jaguar Land Rover and Ford in Hong Kong; Australasia, which operates multi-franchise Retail operations in Sydney, Melbourne and Brisbane; U.K. and Europe, which Retail operations across the main regions of the U.K focused on premium and luxury brand; and Emerging Markets, which in South America, Co. has BMW Distribution businesses in Chile and Peru as well as Subaru and Hino operations across these markets, Colombia and Argentina.
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