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Majestic Rescues Vagabond Wines

Majestic Rescues Vagabond Wines
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United kingdomCity ofStephen finchJohn colleyMatt flemingVagabond winesCanary wharfGatwick airportChief executive john colleyMajestic commercialManaging director matt flemingFortress investment group

FTSE 100 Live: Stocks holding lower after weak retail and house data; construction sector grows

FTSE 100 Live: Stocks holding lower after weak retail and house data; construction sector grows
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Fears grow over rate cut delays after US jobs shock

Money markets have pushed back their expectations for the first interest rate cut by the Federal Reserve after shock US employment figures.

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Majestic Wines buys UK bar operator Vagabond Wine

UK wine retailer Majestic Wine has struck a deal to acquire the bulk of the Vagabond Wines bar business from administration.

United kingdomCity ofStephen finchMatt flemingPunch pubs coCompany profilesFortress investment groupCompany profileMajestic wineVagabond winesBattersea power stationGatwick airportQuantuma advisoryCanary wharfVagabond wineFortress investment groupacquired united kingdom

Majestic rescues Vagabond Wines from administration

Britain’s biggest specialist wine retailer says the deal, which secures 170 jobs, will help it to engage with younger consumers

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