Majestic Wine reveals US ambitions with Naked purchase

British wine retail chain makes major acquisition. UK retailer Majestic Wine has bought internet retailer Naked Wines with a clear ambition to exploit new markets in the US and Australia. The deal, which is worth £70m (A$133m), “opens up attractive international growth in the USA and Australia,” Majestic said today. Majestic was the darling of the financial sector for a decade, showing seemingly unstoppable year on year growth and – with the demise of Oddbins – dominance of the UK independent wine retail landscape.