SoftBank's Fortress to acquire Majestic Wine's retail & commercial units

SoftBank's Fortress to acquire Majestic Wine's retail & commercial units

Photo by Kym Ellis on Unsplash

Majestic Wine Plc said on Friday it had agreed to sell its retail and commercial business to a vehicle controlled by funds managed by Softbank’s Fortress Investment Group, as it looks to rebrand itself into a purely online retailer.