Pendragon sells another JLR
24 July 2019
Family-run retailer Sinclair has bought the Stratstone Jaguar Land Rover business in Swansea from troubled Pendragon.
Pendragon, which has issued several profit warnings in the recent past and seen the departure of its new chief executive after just three months, has been looking to dispose of several sites both in the UK and US for the past two years.
The Swansea JLR purchase by Sinclair comes months after the privately-owned group bought the Likes Land Rover business in Hay-on-Wye. The 65 staff at Swansea are being retained.