Is Peter Vardy closing down?
The move marks the final stage of a process that began in 2024, when peter vardy sold or closed most of its franchised retail operations as it shifted focus towards technology, mobility and fintech investments. Peter vardy group has returned to profit after a drastic period of change for the firm. The firm has spent the recent years re-shaping its business, largely turning away from automotive retail, in favour of more diverse interests.When Peter Vardy – son of motor industry giant and philanthropist Sir Peter Vardy and grandson of Reg Vardy, who started dealing cars in 1923 – sets out to expand his vast operation (he employs 900 people and has 13 dealerships) into heritage car sales, restoration and transportation, it’s safe to guess he’ll make a .