10:37 am, July 1, 2013
RIDGEWAY Group has purchased the Jaguar franchise in Oxford located on Cumnor Hill from Sytner Group Limited.
The acquisition, which will increase Ridgeway’s annual turnover to £550m, follows the acquisition of a Land Rover franchise in Oxford back in May.
The site, formerly known as Guy Salmon Jaguar, will be rebranded as Ridgeway Jaguar and all staff will be transferred to increase the company’s work force to roughly 1,200 employees.
Chief executive of Ridgeway, John O’Hanlon said: We are very excited and proud to represent the Jaguar brand in Oxfordshire – a territory we know well.’
He added: ‘The addition of Jaguar to our brand portfolio, further strengthens the Ridgeway Group’s recent relationship with Jaguar Land Rover and serves as a platform for future growth.”
Blog: Why sell off ‘top performing’ Land Rover franchises?
