The McLaren Group is a British holding company based in Woking, England, which is involved in Formula One and other motorsport and the manufacture of luxury cars. The group was founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, as the TAG McLaren Group due to a partnership with Mansour Ojjeh's TAG Group. The Formula One team had been established by New Zealander Bruce McLaren in 1963. McLaren Group was renamed McLaren Technology Group in 2015. In June 2017 it was announced that Dennis had sold his 25% shareholding in the company to the other shareholders, in addition to his shares in McLaren Automotive. The group then merged with McLaren Automotive to form a new company using the previous McLaren Group name. History Bruce McLaren started Bruce McLaren Motor Racing in 1963 and the team first entered Formula One in 1966. Teddy Mayer took over direction of the group following McLaren's death while testing a Can-am series car in 1970. Mayer subsequently led McLaren to their first World Constructors' Championship in 1974 with Brazilian driver Emerson Fittipaldi, who also won the World Drivers' Championship that year. McLaren Group and all of its companies were later formed by Ron Dennis CBE. These include a diverse number of technology based companies including TAGMcLaren Audio, a high end manufacturer of DVD players and audio equipment (later sold to International Audio Group), Absolute Taste, a London-based catering company notable for numerous celebrities including John Terry and Jenson Button, McLaren Automotive, a high-end luxury sports car manufacturer, Lydden Circuit, a Kent racing circuit and McLaren Applied Technologies- known for its sporting equipment used by Mark Cavendish, Lizzie Yarnold, and others in numerous sports including bicycles and skeletons. McLaren Composites, creators of composites for cars such as the McLaren F1 and Mercedes SLR and even spacecraft parts, was later replaced by McLaren Applied Technologies. The group consists of a large number of companies (and subsidiaries of its companies), some of which are stated below. Between 1998 and 2011 McLaren built both the McLaren Technology Centre, a new headquarters and factory for the Group, and the McLaren Production Centre, in Woking, England. In late May 2020, McLaren Group announced the layoff of 25% of its workforce as part of a company restructure due to the COVID-19 pandemic. In April 2021, Global Net Lease announced that it had agreed to acquire