July 2, 2019 / 11:58 AM / 20 days ago

Softbank-owned Fortress close to buying Majestic Wine's retail business - Sky News

July 2 (Reuters) - Softbank-owned Fortress Investment Group is the frontrunner to buy British wine retailer Majestic Wine's portfolio of about 200 shops, Sky News reported bit.ly/2RNtrWF on Tuesday.

Majestic Wine said in June it was in advanced talks over a potential sale of its retail and commercial outlets.

The company’s shares turned positive after the report and was up 3.1% at 265 pence at 1146 GMT. (Reporting by Sangameswaran S in Bengaluru)

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