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About Nicole Group
The Nicole Group is a luxury automotive dealership group with operations in Kanagawa and Tokyo, Japan. The Group operates four BMW and three MINI dealerships, a Rolls-Royce and a Ferrari dealership along with two stand-alone service centers and two pre-owned showrooms.
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Latest Nicole Group News
Jan 8, 2016
Penske Automotive takes 49% stake in Japan's Nicole luxury dealership group (Seeking Alpha) Penske Automotive Group, Inc. (NYSE: PAG ), an automotive and commercial vehicle dealership operator, announced on Thursday its entry to the Japanese market. Penske Automotive stated that it acquired a 49 percent stake in the Nicole Group, a luxury dealership group that operates in Tokyo and Kanagawa. Nicole Group operates 4 BMW and 3 MINI dealerships, a Rolls-Royce and a Ferrari dealership, 2 stand-alone service centers along with 2 pre-owned showrooms. "We are thrilled with the opportunity to enter the Japanese market with a strong and established local partner," said Penske Automotive Group Chairman Roger S. Penske. "The Nicole Group represents world-class brands and has been named the best BMW dealership in Japan a record seven times. As imports continue to grow market share in Japan, combined with the group's solid reputation in the marketplace, we expect to leverage the strength of the existing business while driving further expansion through organic growth and future acquisitions. " Shares of Penske Automotive have lost more than 28 percent over the past year. © 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Nicole Group Frequently Asked Questions (FAQ)
Where is Nicole Group's headquarters?
Nicole Group's headquarters is located at 2-5-7 Todde, Kanagawa.
What is Nicole Group's latest funding round?
Nicole Group's latest funding round is Corporate Minority.
Who are the investors of Nicole Group?
Investors of Nicole Group include Penske Automotive Group.
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