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Goodyear not looking to buy back all HiQs

Following the news that Goodyear has bought one of its largest and longest-established HiQ franchisees, Easy Tyre and Autocare, Tyrepress got in touch with executives in order to find out more. For example, how much money changed hands? And, considering the latest purchase is the second acquisition of its kind, is Goodyear planning to go full-circle with retail ownership? The short answer is no. But a Goodyear/HiQ spokesperson did say “the acquisition of Easy Tyre and Autocentres further strengthens the competitive advantage of Goodyear and HiQ”, adding:

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Related news:

  1. Goodyear buys Easy Tyre and Autocentres
  2. Update: HiQ to Franchise Off 109 Equity Outlets
  3. Goodyear acquires HiQ network south-east tyre retailer Weeting Tyres
  4. First Stop names Mark Widdows as retail manager
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Goodyear buys Easy Tyre and Autocentres

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HiQ franchise

Goodyear Tyres UK Limited has acquired Easy Tyre and Autocentres, which runs 17 HiQ branches as a franchisee.

Easy Tyre and Autocentres’ branches span from Telford to Kettering, in a geographical area with a high value car parc and, according to Goodyear, represent the “second step” in the company’s ongoing retail strategy. All sites will become Goodyear’s equity operating under the HiQ brand going forward.

Read more

Related news:

  1. Goodyear not looking to buy back all HiQs
  2. Goodyear acquires HiQ network south-east tyre retailer Weeting Tyres
  3. Update: HiQ to Franchise Off 109 Equity Outlets
  4. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
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