Majestic Wine has been acquired by a leading US investment firm for an undisclosed amount.
American investment group Fortress sees the wine retailer as “providing a great opportunity to enter UK retail”. The sale includes the website, bricks and mortar stores, headquarters plus on-trade and French divisions.
The investment firm has already put plans in place to achieve its “vision for future growth”.
Its new buying and merchandising director, Robert Cooke will oversee a full range review, refit of the store estate with new shelving and tasting areas, new store openings and the roll out of its new services ‘Wineify’ - helping customers discover which wines are best for their palate and a concierge.
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