Pendragon predicts losses of £25m for Car Store brand
Pendragon, the Nottingham car dealership giant, says its Car Store arm will report losses of £25m by the end of this year.
Pendragon now says it expects to make a small loss for 2019, with the first-half of the year expected to be "significantly loss making" ahead of returning to overall Group profitability for the second-half.
The news comes after the company, which trades as Evans Halshaw and Stratstone, said it would undertake a “review of the operational and financial prospects” of the firm after posting a loss of £2.8... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...