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Majestic Wine PLC – Proposed sale of Majestic Retail and Commercial

Majestic Wine PLC (“Majestic”, the “Group” or the “Company”) today announces that it has entered into an agreement to sell Majestic Wine Warehouses Limited (“MWWL”) and Les Celliers de Calais S.A.S. (“LCDC”), which together comprise the Majestic Retail and Commercial businesses (“Majestic Retail and Commercial”) to CF Bacchus Holdings Limited (“BidCo”), a vehicle controlled by funds managed by Fortress Investment Group LLC, for a total consideration of £95m (the “Disposal”).

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Majestic Wine PLC – Directorate Change

Majestic Wine PLC announces that, due to an increase in other professional commitments, Greg Hodder will step down as Chairman at the conclusion of the AGM in August and will retire from the Board six months later after a period of transition. 

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RISK WARNING