Majestic Wine may sell all UK stores in shift online
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(Reuters) - Majestic Wine could sell its 200 or so branches in Britain as it shifts focus to its booming online business Naked Wines, the retailer said on Tuesday. The announcement is the latest sign of the challenges facing Britain's traditional store groups, with rising property taxes and sluggish consumer spending adding to competitive pressures from online rivals and discount chains. Majestic, Britain's largest specialist wine retailer, said last month it was looking to sell some assets,..