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