Majestic Wine considers sale of UK portfolio

By Bruno Reis

The UK-based alcoholic beverages firm, Majestic Wine, has revealed plans to potentially sell its entire UK retail portfolio.

The company is considering the sale of its portfolio as its new strategy focuses on its Naked Wines brand, Sky News reported.

As part of the new strategy, which was released last month, Majestic Wine would change its corporate name to Naked Wines, which is the firm’s online trade business.

The company has appointed Rothschild bankers to assess potential buyers of the business. The firm’s retail and commercial operations consists of around 200 stores.


As part of its most recent City update, Majestic Wine claims it is on target to meet a £500mn (US$647mn) sales goal in 2019.

“The combination of customer migration, disposals and store closures from Majestic Retail will release substantial investment capital and transform the company into an out-and-out growth business,” stated a spokesperson for Majestic Wines, in response to a Sky News enquiry.

“While a total sale of Majestic Retail continues to be a potential option, it would be wholly unwise to pursue a single-track process and materially limit the potential value that can be realised to drive growth.”


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy