Majestic Wines, which announced a rebrand as Naked Wines last month, is exploring the option of selling all of its stores, reports said.
The leading wine merchant has revealed then that it would sell assets and close stores to fund a new ‘transformation plan’ focuses on accelerating growth in Naked, the online wine retailer it acquired in April 2015.
However, reports said the group has roped in investment bank Rothschild to seek potential buyers to entire retail business of about 200 stores.
The decision on the sale is expected to be announced at the group’s annual results presentation in June.
The details of the ‘transformation plan’ will also be announced along with. The company has pledged new customer investment in Naked by an additional £6 million per annum to £26 millon in fiscal year 2020.
Majestic Retail is the largest specialist wine retailer in Britain. The group also has a commercial business which supplies wine and Lay and Wheeler, a specialist fine wine merchant.