29th May 2019 06:59
LONDON (Alliance News) - US investment firm Fortress has entered the race to acquire the retail business of Majestic Wine PLC, Sky News reported on Monday.
Sky News, citing City sources, said Fortress has hired the Royal Bank of Canada to advise on its interest in the business.
Fortress is but one of several parties interested in acquiring the company's store estate, including private equity firm OpCapita, who is interested in buying Majestic Wine's store network for at least GBP100 million, the news agency reported.
https://news.sky.com/story/fortress-joins-race-for-100m-majestic-estate-11729627
In late March, Majestic Wine said it would be restructuring and renaming itself under its Naked Wines brand, which it bought in 2015 for GBP70 million.
Related Shares:
Naked Wine