Wednesday, July 04, 2007
Pendragon sells German retail outlets
PENDRAGON has pulled-out of its retail operations in Germany.
AutoWired understands that it has sold its five remaining Jaguar, Land Rover and Aston Martin outlets in Frankfurt and Munich to the Emil Frey Gruppe. No financial details are available but in 2006, Pendragon's German retail operation lost £0.3m. The German operation was a small part of the Pendragon Group, contributing just 1% of revenues.
DATED: 04.07.07
FEED: AW
AutoWired understands that it has sold its five remaining Jaguar, Land Rover and Aston Martin outlets in Frankfurt and Munich to the Emil Frey Gruppe. No financial details are available but in 2006, Pendragon's German retail operation lost £0.3m. The German operation was a small part of the Pendragon Group, contributing just 1% of revenues.
DATED: 04.07.07
FEED: AW
