00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your business headlines for this morning.
00:09 Majestic has completed a rescue deal to buy the wine bar chain Vagabond from administration.
00:14 The UK's largest specialist wine retailer confirmed talks over a potential move last
00:19 month after Vagabond wines went into insolvency.
00:24 On Friday, Majestic confirmed it has completed the acquisition, which will secure the future
00:29 of nine Vagabond venues and 171 workers.
00:34 Bosses at Majestic said they plan to invest in Vagabond for the long term, with ambitions
00:39 to open more wine bars under the brand.
00:43 So some positive news this morning that Majestic has completed a rescue deal to buy the wine
00:47 bar chain Vagabond from administration.
00:51 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
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