Nottingham car giant ready to bring in restructuring specialists
Struggling Nottingham car dealer Pendragon is considering bringing in restructuring experts to halt sliding sales.
Reports over the weekend say the firm began talking to a range of advisers earlier this year, but the process was paused after the shock departure of chief executive Mark Herbert, who quit just three months after taking the job.
The Telegraph says the firm, which owns the Evans Halshaw and Stratsone dealerships, says that Herbert "clashed with the board" over the scale of change needed. It understood that Herbert or... 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...