Vulture fund in the running to buy Majestic Wine’s 200 British stores

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Majestic Wine shares rise as US hedge fund joins bidders for stores. Majestic Wine to close stores and rebrand under Naked name. With more than 200 stores, Majestic is a huge high-street.

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Vulture fund in the running to buy Majestic Wine’s 200. – Vulture fund that drove Comet into the ground in the running to buy Majestic Wine’s 200 British stores By Francesca Washtell For The daily mail published: 23:56 bst, 21 May 2019 | Updated: 23:56 BST, 21 May 2019 Majestic’s chief exec Rowan Gormley is looking to sell all of its shops in Britain to focus on [.]

About Majestic Wine Majestic are one of the UK’s leading online wine stores, offering interesting and unusual wines at affordable prices. With a minimum order of just six bottles, their wine range is available for drinking at home, special occasions and gifts. Save on your next tipple and try something different with one of the promotional codes.

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Britain’s Majestic Wine has reported a full-year revenue growth of 2.3 per cent to 476.1m today, but has also warned that the UK market will remain challenging. Overall adjusted pre-tax profit.

Only Greggs the baker scored 15, with Majestic Wines coming in at 14. who founded the campaign. Industry body british retail consortium called the study narrowly focused and overly simplified’.

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Majestic Wine profits soar by 6.7m in first half. giving them greater control over the day-to-day running of stores. Majestic has said the programme with reach around half of its 210 branches.

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Shares in Majestic Wine () jumped 1% to 262p on news that its physical stores had been sold to private equity group Fortress for 95m.. A separate sale of one freehold property will realise a further 5m subject to it receiving planning approval for the redevelopment of the site.