Building a Solid, Responsive, Confident Group

1958

Holding company, Inchcape & Company Ltd was established in UK.

1971

Group established as Inchcape plc.

1986

Sir George Turnbull appointed Chief Executive of Inchcape Group.

1990

Philip Cushing joins the Group

1992

Inchcape acquired the Spinney’s group of companies. Sir David Plastow appointed Chief Executive of the Inchcape Group.
Inchcape acquired Hogg Group PLC, merging with Inchcape’s Bain Clarkson to form the Bain Hogg Group.

1995

Peter Johnson joins as Chief Executive Inchcape Retail Motors UK.

1996

Sir Colin Marshall, chairman of CBI and chairman of British Airways PLC appointed as Chairman of the Inchcape Group.
Divestment of Inchcape Testing Services and Bain Hogg Group.
Philip Cushing becomes Group CEO and announces focus on Motors and Marketing.

1997

Automotive now contributing 72% of Group profits.

1998

Board announces decision to focus solely on motor vehicle operations.
Peter Johnson appointed to the Board.

1999

Peter Johnson appointed as Group Chief Executive.

2000

Inchcape’s first year trading exclusively as an automotive services group.
Focus on six core markets Australia, Belgium, Greece, Hong Kong, Singapore with the UK the main focus for investment.

2001

Ken Hanna joins Board as non-executive Director. Acquisition of Bates Motor Group Ltd in the UK.

2005

André Lacroix joins as Group CEO Designate.

2006

Sir John Egan retires as Chairman and succeeded by Peter Johnson.
Announcement of a six for one share split to increase liquidity of the stock.
André Lacroix appointed as Group CEO. Acquisition of Keystar Motors Pty Ltd in Australia. Acquisition of Lind Automotive Group in the UK. Acquisition of European Motor Holdings in the UK Entry into Russia with announcement of 75.1% acquisition of Axel Car in St. Petersburg.

2007

Focus on eight core markets Australia, Belgium, Greece, Hong Kong, Singapore, UK, China and Russia Inchcape opens first retail centre in China – Toyota Shaoxing.
Acquisition of 67% of UAB Vitvela in Lithuania. Acquisition of Baltic Motors and BM Auto in Latvia. Strengthened position in St Petersburg with acquisition of Audi and Peugeot retail centres from Olimp.

2008

Acquisition of remaining stake in Olimp Group in St Petersburg.
Acquisition of one of Russia’s largest car retaining groups, Musa Motors in Moscow. Opening of Lexus Shaoxing.

2009

Group announces successful nine for one Rights Issue to and strengthens capital structure. Peter Johnson Retires Chairmanship. Ken Hanna is appointed as non-executive Chairman.

2010

Inchcape strengthens its position during an unprecedented economic downturn, delivering a resilient financial performance, with record operating cash flow and in a net cash position, demonstrating the defensive strengths of Inchcape’s unique business model and the success of its responsive management.