Majestic unsure of the future of its retail wine business

Majestic’s board have appointed investment bank Rothschild to look for potential buyers for the company’s brand and 200 stores while it tries out a new Naked branded showroom.

Majestic Wines business continues its process of offloading assets to invest in Naked Wines' American operations.

City sources told Sky News that private equity firms have been approached over the course of this month to see if there is any interest in Majestic’s retail and commercial businesses. Meanwhile the Majestic Wine store in Wakefield has been transformed into a Naked Wines showroom. The re-branding is the only trial at this time but the results and the value of the rest of the Majestic estate will determine the future of the stores.