Majestic Wine is in advanced talks to buy London-based wine chain Vagabond, which has filed a notice of its intention to appoint administrators, Sky News has reported.

Majestic Wine, which is owned by Fortress Investment Group, could be days away from buying the struggling business and adding 12 wine bars to Majestic’s portfolio along with an urban winery at Battersea Power Station.

A Majestic spokesperson said: “Majestic can confirm that it is exploring a deal to purchase all or part of the Vagabond Wines business.

“Majestic cannot comment further on ongoing discussions but we are hopeful of securing a deal.

“Since our acquisition by Fortress Investment Group in 2019, we have invested heavily in our growth plan, opening 16 new shops; hiring many new colleagues; supplying thousands of premium hospitality businesses through our B2B division; and training thousands of colleagues as one of the biggest wine educators in Europe.”