Majestic Wines up as it spills on sale plans

Master Investor Magazine
Never miss an issue of Master Investor Magazine – sign-up now for free! |
AIM-listed drinks distributor Majestic Wine (LON:WINE) saw its shares rise by 6.02% to 282p (as of 13:50 BST) after it confirmed media speculation that it was considering the sale of its Majestic branded operations as part of its group transformation plan. Management said that they had received a number of expressions of interest and the proceeds would be used to accelerate the growth of its Naked Wines arm.
The group is continuing to explore all options and there is no guarantee at this time that any sale would take place.
The Master Investor Show 2020 tickets are now available. Join us at the Business Design Centre on Saturday 28 March 2020.
Book your FREE tickets today using code: MIBLOG
Comments (0)