The owner of used car chain Car Store is to close almost two-thirds of the brand’s sites, citing an impact from Brexit.
Pandragon, which had previously issued a series of profit warnings and lost its new chief executive over an apparent strategy dispute, said 300 jobs would go when 22 of its 34 Car Store sites were shut down.
It said the stores, which it did not identify, were loss-making and likely to remain so and it would exit the worst-performing ones by the end of this year.
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