Fortress Prepares Sale of Majestic Wine

The Drinks Business reports that Fortress Investment Group is exploring a sale of Majestic Wine, with advisers being lined up and any formal process potentially starting next year. This matters because Majestic remains the UK’s largest specialist wine retailer, with more than 200 stores and over 1,000 employees, and the possible sale follows a strong Christmas period in which the business posted growth in premium wine categories, including fine wine, Champagne, rosé and English wine.