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You are here: Home1 / ETEL

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Murfitts partners with ETIA to produce rCB for tyre makers

Company News

Tyre recycling and reprocessing specialist Murfitts Industries announced today its intention to form a “unique partnership” with French engineering group ETIA. The aim of this partnership is to deliver commercial-scale solutions for recycling end-of-life tyres to recover their raw material and energy content.

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Related news:

  1. ETEL announces senior promotions, new management team
  2. Kwik Fit owner Itochu prepares for sale scenario
  3. Merityre, Bridgestone, Stapleton’s scoop big Tyre Industry Awards 2021
  4. Kwik-Fit and Stapleton’s owner ETEL buys leading tyre recycling firm Murfitts
20th December 2022/by Stephen

Top 10 UK tyre retailers 2022 – growing fast

Leading Retailers (UK), UK News

Times have been tough in the last couple of years, but if the growth of the top 25 tyre retailers in the UK is anything to go by, the nation’s leading tyre retail businesses are taking triumph from adversity. Of course, Halfords’ acquisition of National Tyres and Autocare’s parent company at the end of 2021 makes up a big part of the new UK tyre retail landscape, but it is clear that adding branches to existing networks (either by organic growth or by acquisition) is a common theme across the board.

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Related news:

  1. The top 10 UK tyre retail chains 2021
  2. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  3. ETEL continues to lead top 20 UK tyre retailers 2019
  4. Halfords charges into second place in the 2020 UK tyre retail ranking
6th May 2022/by Chris

ETEL appoints Tanaka as chairman, Kimbara as CEO

Career Tracks, UK News
ETEL

European Tyre Enterprise Ltd (ETEL) has announced that CEO Shinjiro (Sean) Tanaka is taking on a new role as group chairman. Replacing him as CEO is Yutaka Kimbara, who is currently group director of the Europe & CIS General Products & Realty Group of Itochu Europe PLC, which is part of ETEL’s parent company Itochu Corp. of Japan.

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Related news:

  1. ETEL appoints Kwik Fit MD Mark Slade as deputy group CEO
  2. John Parker joins Kirkby Tyres
  3. ATS Euromaster appoints operations director to lead light vehicle focus
  4. Andy Fern becomes MD of Stapleton’s
3rd February 2022/by Chris

Kwik-Fit owner ETEL set for FY22 break-even after FY21 loss

Company News, UK News
Itochu

Itochu’s European Tyre Enterprises Ltd (ETEL) business, which owns Kwik-Fit, Stapleton’s and now Murfitts Industries, posted a loss of 3.6 billion yen (£22.97 million; 27.54 million euros; US$31.55 million) for the financial year ended 31 March 2021. According to Itochu’s annual report, which was published on 17 December 2021, ETEL will return to break-even in full-year 2022 results.

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Related news:

  1. Kwik Fit owner Itochu prepares for sale scenario
  2. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  3. ETEL announces senior promotions, new management team
  4. Kwik Fit expansion: Bath added to target list of 25 towns and cities
13th January 2022/by Chris

Kwik-Fit and Stapleton’s owner ETEL buys leading tyre recycling firm Murfitts

Company News, UK News
Murfitts Industries

European Tyre Enterprise Ltd (ETEL), which owns leading tyre retail and wholesale operations Kwik-Fit and Stapleton’s, has agreed the acquisition of Murfitts Industries, the country’s leading tyre recycling company. ETEL is buying 100 per cent of Murfitts Group Ltd, the parent company of Murfitts Industries. Murfitts operates a national network recycling the equivalent of around 20 million car tyres per year. Murfitts, which processes and recycles tyres into granulate, has been a long-term provider of post-consumer tyre collection and recycling services to ETEL.

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Related news:

  1. Kwik-Fit Goes to PAI for £800 million
  2. UK tyre retailers continue right-sizing
  3. Bridgestone dismisses 500 tyre retail branch acquisition reports
  4. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
20th December 2021/by Chris

Kwik Fit drops Tyre City retail brand

UK News
Prideview; ETEL

European Tyre Enterprise Ltd (ETEL), which owns both Kwik Fit and Stapleton’s, will rebrand 60 of its Tyre City retail centres as either Kwik Fit or STS Tyre Pros as the company focuses on those two retail channels. According to the company, the decision follows a strategic review over the last few months, which found that ETEL should “simplify its retail operations and operate under two brands, Kwik Fit and STS Tyre Pros”. The transition of the centres to their new brands has begun and will continue over the coming weeks.

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Related news:

  1. Kwik Fit owner Itochu prepares for sale scenario
  2. UK tyre retailers continue right-sizing
  3. ETEL continues to lead top 20 UK tyre retailers 2019
  4. Halfords charges into second place in the 2020 UK tyre retail ranking
30th September 2021/by Chris

Kwik Fit expansion: Bath added to target list of 25 towns and cities

UK News
Kwik Fit

Kwik Fit has added Bath to its list of target locations for new centres, making it 25 towns and cities that the UK’s largest retail chain is focusing on. At the start of July Kwik Fit said it is looking for “new centres across the country” especially those with “proximity to supermarkets and leisure facilities”.

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Related news:

  1. Kwik Fit seeking town properties as part of expansion plan
  2. ETEL continues to lead top 20 UK tyre retailers 2019
  3. Kwik Fit owner Itochu prepares for sale scenario
  4. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
29th July 2021/by Chris

Kwik Fit seeking town properties as part of expansion plan

News, UK News

Kwik Fit has commissioned property consultancy Rapleys to find “new centres across the country”, in a move that reveals the market-leading fast-fit’s expansion plans.

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Related news:

  1. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  2. ETEL continues to lead top 20 UK tyre retailers 2019
  3. Kwik Fit owner Itochu prepares for sale scenario
  4. Kwik-Fit For Sale for £250 million?
9th July 2021/by Chris

Yokohama buys Polish tyre distributor from Itochu

Company News, International News
EMIS

On 6 May 2021 Yokohama Europe GmbH, signed an agreement to acquire 100 per cent of Poland’s ITR CEE Spółka z.o.o., a wholesale distributor engaged in the import and sale of Yokohama tyres in central and eastern Europe. The acquisition is scheduled to be concluded on 14 May 2021, after which the Polish company’s name will be changed to Yokohama CEE Spółka z.o.o.

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Related news:

  1. ETEL, Kwik-Fit decline to comment on sale speculation
  2. Kwik Fit owner Itochu prepares for sale scenario
  3. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
14th May 2021/by Chris

Kwik Fit offers staff real-time wage payment

Career Tracks, UK News

ETEL Group, Kwik Fit and Stapletons Tyre Services tyre retail brands, has made Wagestream available to its 7,000 staff. Wagestream offers a suite of financial education solutions including real-time access to earned pay.

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Related news:

  1. Kwik Fit owner Itochu prepares for sale scenario
  2. ETEL announces senior promotions, new management team
  3. Shinjiro Tanaka takes over as ETEL CEO
  4. Andy Fern becomes MD of Stapleton’s
23rd October 2020/by Chris

Itochu sold 26 Kwik-Fit freeholds in the first half of 2020

UK News

While speculation continues relating to the apparent sale of the Kwik-Fit tyre retail business, we do know that the Itochu-owned enterprise sold the freeholds to 26 of its branches in a double-digit million-pound series of transactions during the first half of 2020.

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Related news:

  1. Kwik Fit owner Itochu prepares for sale scenario
  2. ETEL announces senior promotions, new management team
  3. ETEL continues to lead top 20 UK tyre retailers 2019
  4. ETEL, Kwik-Fit decline to comment on sale speculation
22nd September 2020/by Chris

ETEL, Kwik-Fit decline to comment on sale speculation

Company News, International News

On Friday 18 September 2020, it emerged that Kwik-Fit and European Tyre Enterprises Ltd (ETEL) owner Itochu has appointed investment bankers Nomura to act as its strategic investment consultancy with relation to the future of its European tyre business. The move has been widely interpreted as sale preparation. In light of the news, Tyres & Accessories contacted ETEL and Kwik-Fit representatives in order to find out more. Both declined to comment officially. However, supplementary information on Itochu’s third-quarter 2020 and full fiscal year 2020 results give further details of the conglomerate’s explanation as to why the company did not present a 2021 profit forecast for ETEL as it normally would.

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Related news:

  1. Kwik Fit owner Itochu prepares for sale scenario
  2. Itochu Buys Kwik-Fit for £637 million
  3. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  4. Pirelli Sells CPK Tyre Wholesale Business to Stapleton’s
21st September 2020/by Chris

Kwik Fit owner Itochu prepares for sale scenario

Company News, UK News

The UK’s largest tyre retailer, Kwik Fit, is being prepared for a sale. The Japanese Itochu group, which owns the European Tyre Enterprises Ltd (ETEL) holding company that controls both Kwik Fit and its wholesale counterpart Stapleton’s Tyre Services, has appointed investment bankers Nomura to advise on strategic options for the company, according to Sky News, with insiders suggesting a sale is very likely.

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Related news:

  1. Kwik Fit benefiting from increased mechanical work
  2. Itochu sold 26 Kwik-Fit freeholds in the first half of 2020
  3. UK tyre retailers continue right-sizing
  4. Kwik Fit expanding into Italy, across Europe
19th September 2020/1 Comment/by Chris

Central Tyre appoints ex-Pirelli manager as sales director

Career Tracks, UK News
Central Tyre

Central Tyre has appointed former Pirelli and Prometeon sales manager Alex Whittle as sales director. In his new role, Whittle will be responsible for all sales operations across the car, van, truck, industrial and agricultural sectors. His appointment follows a successful growth period within the UK market, according to Central. Central Tyre is part of the UK’s leading ETEL group of tyre retailers, alongside Kwik-Fit and STS Tyre Pros.

Read more

Related news:

  1. ETEL announces senior promotions, new management team
  2. UK tyre retailers continue right-sizing
  3. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  4. ETEL continues to lead top 20 UK tyre retailers 2019
15th September 2020/by Andrew

Halfords charges into second place in the 2020 UK tyre retail ranking

Leading Retailers (UK), UK News
Autocentres and tyre retail specialists

At the moment it is easy to get side-tracked by all the talk of the coronavirus. But, while it is clearly an important subject, the tyre business has a century or more of pre-history, has a present and has a future. With this in mind, May’s edition of Tyres & Accessories continues in line with the last eight years of research by counting and ranking the nation’s largest tyre retail chains.

The methodology is simple, we contact companies, consult publicly available sources and use third-party data where necessary in order to triangulate our tyre retail landscape. Of course, the present circumstances may look significantly different due to the nations’ current lockdown status (see “Which Garages are Open During Lockdown“). However, the shape of the tyre retail business before the lockdown will surely help the retail trade strategize for its ongoing future after lockdown, making this data as actionable as ever.

Read more

Related news:

  1. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  2. UK tyre retailers continue right-sizing
  3. Tyre retail market in a redistribution phase
  4. Micheldever’s Protyre retail chain is UK’s fastest growing
17th April 2020/by Chris
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