Waterstones owner Elliott gatecrashes Majestic party

The investment giant which owns Waterstones, the British-based bookseller, has gatecrashed the £100m auction of Majestic Wine’s store network as the listed retailer plots a retreat from British high streets.

Sky News has learnt that Elliott Advisors – a division of which last week agreed to buy the American bookseller Barnes & Noble for more than $680m (£534m) – has lodged a bid for Majestic’s 200 outlets.

The bid pits it against rival suitors including OpCapita and Fortress, the investment group which is owned by Japan’s SoftBank.

Elliott’s presence in the…
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