With Majestic now sold off, buyers, reportedly including the part-owner of BI Wines & Spirits, are now circling another of Naked Wines’ divisions being off-loaded – Lay & Wheeler.
The sale of the commercial and retail business of Majestic Wines was confirmed at the beginning of August, sold to Fortress investment group for £100 million.
Now it is believed that Naked Wines is organising a sales week for fine wine merchant Lay & Wheeler, which is expected to fetch around £10m, as it continues to hone on in on CEO Rowan Gormley’s wish to become a dedicated online operation.
There are understood to be several interested but largely undisclosed parties after Lay & Wheeler though Sky News recently named Michael Spencer, chairman and part-owner of BI Wines & Spirits, as one of them.
Spencer bought a 25% stake in Battersea-based distillery Westmorland Spirits in 2017 and is also an investor in English winery Chapel Down.
BI declined to comment on the speculation.
