Seaside FM
The Shores Resource Centre, 29-31 Seaside Road, Withernsea, HU19 2DL
01964 263 105
contact@seasideradio.co.uk
Seaside Radio Limited registered company number 05031695 & registered charity number 1115311.
Majestic Wines is in advanced talks to buy Vagabond Wines, the London-based chain which filed notice of its intention to appoint administrators earlier this month.
Sky News has learnt that Majestic, which is owned by Fortress Investment Group, could strike a deal to buy Vagabond within days.
The deal would add roughly a dozen wine bars to Majestic's portfolio, as well as an urban winery located at Battersea Power Station.
Vagabond was launched in Fulham, south-west London, in 2010 by Stephen Finch.
Money latest: Washing powder 'shrinkflation' exposed by shopper
Its bars allow oenophiles to order more than 100 wines by the glass from self-pouring machines.
Sources close to the talks said Majestic regarded the two businesses as a complementary fit, with the opportunity to grow the buyer's customer base by marrying Vagabond's product proposition with its on-trade supply division, Majestic Commercial.
A Majestic spokesperson said: "Majestic can confirm that it is exploring a deal to purchase all or part of the Vagabond Wines business.
"Majestic cannot comment further on ongoing discussions but we are hopeful of securing a deal.
"Since our acquisition by Fortress Investment Group in 2019, we have invested heavily in our growth plan, opening 16 new shops; hiring many new colleagues; supplying thousands of premium hospitality businesses through our B2B division; and training thousands of colleagues as one of the biggest wine educators in Europe."
Vagabond has been contacted for comment.
103.5 & 105.3FM
Online
Mobile Apps
Smart Speaker