Reported in the Telegraph that Pendragon are calling in experts to restructure.
Their MD left a few months back having disagreed with future plans.
Glass Palaces cost a lot & declining sales have huge consequences for companies that are highly geared.
tinyurl.com/yy2ej4vu (paywall possible)
A small chain, Border cars, in the South of Scotland fell 2 months back - 1 x manufacturer repossessed cars, with hours their other manufacturers/distributors also had supplies cut.
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