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Newly Revealed Majestic Investor Backs Opportunity to Sell Business Intact

May 30, 2019

An activist investment firm that has been snapping up shares in Majestic Wine is backing the hope that the 'fundamentally strong' retail and commercial business may be sold intact, with sources close to the matter saying it had initially criticised the combination of asset sales and store closures announced in March as 'muddled' and 'value destructive'.