Majestic Wine targets ‘ambitious growth’ as sale completes

Majestic retail 4

Majestic Wine has confirmed its sale to US firm Fortress Investment group for £95m.

The specialist retailer will continue to trade from all of its 190 stores across the country following the threat of closure of 140 stores under the previous owner.

The company also confirmed that previous boss John Colley had rejoined the business following his departure from Kingfisher as chief trading officer.

Fortress is set to focus on “ambitious growth” has unveiled its first new store for over two years in Blackheath, South London.

The specialist wine retailer employs over 1000 staff and made £300m in revenue last year.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.