The biggest drinks acquisitions of 2019

Majestic sold to Fortress Investment Group for £95 million

In August this year, the retail and commercial division of Majestic Wine was sold to investment group Fortress for £95 million. The sale included all but one of Majestic’s stores, its website, the commercial on-trade business, the French division (Les Celliers de Calais), and its headquarters. However, it did not include fine wine division Lay & Wheeler.

In October, Naked Wines confirmed the sale of Lay & Wheeler for £11.3 million.The fine wine merchant, which dates back to 1854, making it one of the oldest in the UK, has been sold to an international private company, Coterie Limited, along with Vinotheque Holdings Limited, which is the landlord of Vinotheque Ltd, a 100% subsidiary of London City Bond (LCB) which provides the warehousing and storage of Lay & Wheeler.

A Naked Wines spokesperson told the drinks business that the buyer, Coterie, is a “privately held family office”,

Earlier this month, Majestic confirmed the completion of the sale to Japanese-owned US firm Fortress, stating that the 140 stores that had been earmarked for closure under the previous owners Naked will all remain open.

Speaking to the drinks business last month as it revealed its new range, returning executive chairman Colley, who was managing director of the UK retailer between 2015 and 2017 said the retailer was “getting back to what we do well”.

Read more:

MAJESTIC WINE ‘DESPERATELY NEEDS TO GET ITS MOJO BACK’

2 Responses to “The biggest drinks acquisitions of 2019”

  1. Sam Adams says:

    No mention of LVMH buying Whispering Angel?

  2. Josh M says:

    What about the fact that Constellation just sold off Ballast Point, which they originally purchased for $1B after just 4 years??

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