Majestic in advanced talks to acquire Vagabond Wines
Majestic is in advanced talks to acquire Vagabond Wines, a wine bar chain that has filed its notice to appoint administrators.
According to a report by Sky News, Majestic could agree a deal to purchase Vagabond within days.
Sources close to the talks told Sky that Majestic regarded the two businesses as a complementary fit and that the deal would help Majestic to grow its customer base by combining Vagabaond’s product proposition with its own on-trade supply business, Majestic Commercial.
Launched in 2010, Vagabond operates 12 locations in and around London.
A Majestic spokesperson told Sky News: “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.”
