Retail

Penske Automotive to buy 15 U.K. dealerships from Rybrook

Penske-Porsche Chester
Porsche Centre Chester is one of the dealerships that Penske would acquire from Rybrook. (PENSKE AUTOMOTIVE)
GK
By:
Gail Kachadourian Howe
December 11, 2023 01:00 PM

Penske Automotive Group said it signed an agreement to acquire 15 dealerships from one of the U.K.'s largest luxury car retailers, representing about $1 billion in annual revenue.

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