London South East reports that that Tesco is among the bidders considering the acquisition of Majestic Wine Group after owner Fortress Investment Group began a formal sale process, with analysts suggesting the business could fetch hundreds of millions of pounds. Majestic has more than 200 stores across the UK and Jersey and also supplies the hospitality sector through its commercial operations and Enotria brand, while one analyst suggested Tesco could pursue a deal through its Booker wholesale arm
Takeovers
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Grupo Peñaflor Owner Acquires Off-Piste Wines
The Drinks Business reports that Terold Invest, owner of Argentina’s Grupo Peñaflor, has acquired UK wholesaler Off-Piste Wines, owner of brands including Most Wanted and The Wanderer. The deal is positioned as a strategic push into the UK, with Off-Piste selling around 3 million nine-litre cases a year and the combined business expected to become a top-five supplier to the UK off-trade.