Naked Wines shareholders approve Majestic sale

Majestic Wine Warehouse

Naked Wines shareholders have rubber-stamped plans to sell the Majestic Wine business to US private equity firm Fortress.

Investors voted unanimously in favour of the move at a general meeting this afternoon, with 99.86% of Naked’s shareholder base approving the deal.

It comes a month after Naked revealed it had struck an agreement with Fortress for an undisclosed sum, as boss Rowan Gormley refocuses its strategy to focus on cracking the lucrative US market.

Fortress said at the time that the acquisition offered the investment firm “a great opportunity to enter UK retail”.

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