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£450,000 investment, new jobs at Kingsway Tyres’ Retford autocentre

Kingsway Tyres has invested £450,000 in a new autocentre in Retford for car and van drivers, creating two new jobs and further positions in the future. The network has 16 depots across the east of England, and its new centre will include full MOT testing facilities, four-wheel Bluetooth geometry alignment, air-conditioning offering along with the very best in tyre repairs. Based in Trinity Park Industrial Estate, Sloswick Drive, the facility will also offer 24/7 support for commercial trucks, buses and lorries. The new site replaces Kingsway’s depot in Victoria Road, at which the company had been based for more than 40 years.

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Related news:

  1. Strong growth at Bridgestone UK
  2. Halfords Buys Nationwide Autocentres for £73.2 million
  3. Bridgestone dismisses 500 tyre retail branch acquisition reports
  4. Bridgestone Partner, Kingsway Tyres opens first Bedfordshire garage
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Another retail acquisition for Bridgestone in France

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Bridgestone has taken a minority shareholding in French tyre retailer Pneus à bas prix. Details of the exact stake the tyre maker has acquired or how much it paid have not been released, however Bridgestone states that the new arrangement reinforces its presence in France and complements the company’s First Stop and Speedy retail operations.

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Related news:

  1. Bridgestone to acquire Speedy France retail network
  2. Bridgestone buys yet another French tyre retailer
  3. Wide variation in prices achieved by different brands and platforms online
  4. Bridgestone sells Kingsway to Lodge Tyres
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UK retail sales rise in July on increased tourism, NFDA warns of predictive difficulty

Official figures published the Office for National Statistics (ONS) show that overall retail sales in the UK rose 5.9 per cent in July 2016 compared to the same period last year.

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Related news:

  1. NFDA Roadshow covers wide range of subjects
  2. January new car sales down -6.3 per cent
  3. UK-EU transition deal ‘crucial’ for automotive industry – NFDA
  4. NFDA welcomes EV charging infrastructure investment
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Pirelli opens first P Zero World outlet

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How do you reach the “most discerning” consumers within a market and become the “undisputed leader” in premium-tier products and services for this group? For Pirelli, the answer is to offer an entire “brand experience,” and the tyre maker is now putting this concept to the test in North America with the opening of its first P Zero World retail outlet.

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Related news:

  1. Stephan Kessel, Continental’s CEO: A Separation On Friendly Terms
  2. Uniflate Gains Pirelli Driver Approval
  3. UAE Distributor ZAFCO Announces Retail Plans
  4. Pirelli: ‘no better place to showcase F1’ than Circuit of the Americas
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German tyre retailer A.T.U. up for sale – again

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A.T.U., one of Germany’s largest tyre and car parts retailers, is once again for sale. According to information from market observers, the company is battling serious financial difficulties. US-based private investment firm Centerbridge Partners, which acquired a controlling share in A.T.U Auto-Teile-Unger GmbH & Co. KG from Kohlberg Kravis Roberts (KKR) at the end of 2013, has now contracted German restructuring expert Hans-Joachim Ziems. The presence of Ziems doesn’t bode well for A.T.U., which sells around 3.5 million tyres in Germany each year.

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Related news:

  1. Voith Industrial Services planning growth in wheel and tyre assembly operations
  2. A.T.U. sold in restructuring deal
  3. Reiff posts a net loss for 2013
  4. Mobivia Groupe to complete acquisition of tyre retailer A.T.U. this month
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60 new Apollo Vredestein specialists in the UK by next year

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At present there are 220 Apollo Vredestein tyre specialists in the UK, and Apollo Vredestein says this number will increase by almost 30 per cent by next year, with 280 centres expected to be operating. This growth in the UK network is occurring as part a wider push to expand the network in Europe.

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Related news:

  1. UHP segment where ‘the vast majority of the action takes place’ – GfK
  2. Apollo Vredestein launches Dealer Partnership programme
  3. Pirelli offers contactless tyre and car maintenance through its Driver networks
  4. Al Dobowi makes Edwards European marketing manager
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Bridgestone to acquire Speedy France retail network

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Bridgestone has announced its plan to acquire 100 per cent of the car service and tyre retail network Speedy France. The manufacturer intends to use the new acquisition to increase its direct access to end-users in France, one of its core European markets, as well as in other markets where Speedy has a presence. The finalisation of the acquisition is subject to approval by the regulatory authorities; once approved, and the transaction is completed, Bridgestone’s French presence will be expanded to more than 800 retail outlets, contributing strongly to its accelerated growth strategy.

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Related news:

  1. Another retail acquisition for Bridgestone in France
  2. Bridgestone sells Kingsway to Lodge Tyres
  3. Bridgestone buys yet another French tyre retailer
  4. Sumitomo MTS acquisition ‘ensures continuity’ of management, brand strategy
/by

ATS Euromaster opens new Altrincham service centre

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The doors have opened on the new ATS Euromaster centre in Altrincham set up following the compulsory acquisition of the company’s Oakfield Street site. The fast fit network invested more than £320,000 in the new 7,500 square foot facility, which is located in the Blue Chip Business Park in Atlantic Street.

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Related news:

  1. ATS Euromaster opens £320k flagship site in Dartford
  2. ATS Euromaster implores council to reconsider Altrincham closure decision
  3. New £350k ‘flagship’ centre in Wrexham for ATS Euromaster
  4. ATS Euromaster signs network partnership agreements
/by

GSF Car Parts completes Birmingham head office upgrade

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GSF Car Parts has upgraded its retail store and counter at its Birmingham head office. The company said the upgrade provides improved access to the company’s extensive range of trade-level quality parts and consumables for local motorists. The company said the move was necessitated by growing queues; the new store area is more than twice the size, enabling staff to provide better, faster service to customers.

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Related news:

  1. GSF Car Parts Stoke the latest to see improvements in network investment
  2. GSF Car Parts give away over £100,000 of vouchers in incentives
  3. New Valeo van for GSF Stoke
  4. GSF upgrades set to boost Derby branch
/by

Pep Boys or no Pep Boys, Bridgestone aims to grow US retail presence

Bridgestone may have had the 800 outlet Pep Boys retail network snapped from it hands by Icahn Enterprises, yet the tyre maker is holding onto its growth plans in the USA. Speaking with Japanese financial publication Nikkei, Bridgestone chief executive officer Masaaki Tsuya shared on plans for 20 per cent growth in the tyre maker’s US retail network by 2020.

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Related news:

  1. Icahn offer would result in ‘Superior Offer’, says Pep Boys board
  2. Pep Boys to Bridgestone: New deal or no deal
  3. Pep Boys bidding battle – Bridgestone throws in the towel
  4. Bridgestone receives payout as Pep Boys deal dies
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Bridgestone receives payout as Pep Boys deal dies

The merger agreement signed between Bridgestone Retail Operations and The Pep Boys – Manny, Moe & Jack in October 2015 has been terminated, and in its place the US automotive service and retail chain has signed a definitive agreement under which Icahn Enterprises will acquire Pep Boys for US$18.50 per share in cash. Simultaneous with the demise of the Bridgestone agreement, Icahn Enterprises, on behalf of Pep Boys, paid Bridgestone a $39.5 million termination fee

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Related news:

  1. Icahn offer would result in ‘Superior Offer’, says Pep Boys board
  2. Pep Boys to Bridgestone: New deal or no deal
  3. Pep Boys bidding battle – Bridgestone throws in the towel
  4. Bridgestone matches Icahn’s Pep Boys offer
/by

Pep Boys bidding battle – Bridgestone throws in the towel

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During the closing days of last year, Bridgestone Americas announced that the Bridgestone Retail Operations subsidiary would not counter bid the latest bid from Icahn Enterprises to acquire The Pep Boys – Manny, Moe & Jack. This meant a Happy New Year for Carl Icahn, who now looks set to add the brand and the 800+ Pep Boys outlets to his portfolio.

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Related news:

  1. Icahn offer would result in ‘Superior Offer’, says Pep Boys board
  2. Pep Boys to Bridgestone: New deal or no deal
  3. Bridgestone receives payout as Pep Boys deal dies
  4. Icahn offers counterbid for Pep Boys
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Pep Boys to Bridgestone: New deal or no deal

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The Board of Directors at US automotive aftermarket retailer The Pep Boys – Manny, Moe & Jack has declared the US$15.50 per share merger agreement received by Icahn Enterprises superior to the $835 million Bridgestone Retail Operations was prepared to pay, not least because it isn’t subject to due diligence or financing conditions, and it contains a ‘hell or high water’ anti-trust covenant. Pep Boys have now lobbed the ball back into Bridgestone’s court, and the tyre maker has two days to come back with a better offer.

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Related news:

  1. Icahn offer would result in ‘Superior Offer’, says Pep Boys board
  2. Pep Boys bidding battle – Bridgestone throws in the towel
  3. Bridgestone receives payout as Pep Boys deal dies
  4. Icahn returns with higher Pep Boys offer
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Icahn offer would result in ‘Superior Offer’, says Pep Boys board

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US automotive aftermarket chain The Pep Boys – Manny, Moe & Jack gives word that its Board of Directors have determined the proposal from Icahn Enterprises L.P. to acquire Pep Boys for US$15.50 per share in cash would be expected to result in a “Superior Proposal” (as defined in the company’s agreement and plan of merger with Bridgestone Retail Operations, LLC). This opinion was reached after consultation with the company’s independent legal and financial advisors, however at this stage Pep Boys are still on track to take up the Bridgestone share offer.

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Related news:

  1. Pep Boys to Bridgestone: New deal or no deal
  2. Pep Boys bidding battle – Bridgestone throws in the towel
  3. Bridgestone receives payout as Pep Boys deal dies
  4. Icahn offers counterbid for Pep Boys
/by

Best Tyres using CAM’s e-jobsheet for increased ‘professionalism’, ‘responsiveness’

Stoke-on-Trent tyre supplier and fitting centre, Best Tyres, has gone live with CAM’s digital tablet-driven work exchange for truck, bus and van tyres. The open platform allows service providers such as Best Tyres to gain from the digital work exchange even if they are not existing customers of CAM – the company currently uses another software system.

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Related news:

  1. SE Tyres signs up for CAM’s Online Tyre Catalogue
  2. Bridgestone advocates for open participation in e-jobsheet
  3. Tyre European Network dealers see appeal of multi-language e-jobsheet integration
  4. Tyrenet first live with UniSerV V7.2 integration
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