First Stop tyre retail network to become a JV in Germany
Just over a month after sharing details of growth plans for its First Stop network in the UK, Bridgestone has announced a major change in its German First Stop network. Pending approval from the relevant authorities, Pneuhage, one of the country’s largest independent tyre retailers, will acquire a 75 per cent share in a joint venture with Bridgestone Deutschland. The intention is for First Stop in Germany and its subsidiaries – retail outlets, retreading operation and partner network – to be operated by this joint venture.