One of Barbados’ most successful businesses, the Simpson Motors Group is teaming up with an international automotive distributor to embark on a new path.On Monday, founder of Simpson Motors, Sir Kyffin Simpson announced the merger of the well known local dealership, its regional automotive distribution arm, ITC, and British multinational auto company, Inchcape.Describing the venture as a “business combination”, Sir Kyffin said the move was critical to what he termed “the next chapter”.The veteran businessman provided no details about the deal and leading local economist, Jeremy Stephen, believes the details are far too vague to provide a comprehensive analysis.
