London - British wine retailer Majestic Wine said it will buy Naked Wines International $102.89m and that it has appointed Rowan Gormley as chief executive.
Rowan Gormley is the founder and CEO of Naked Wines.
He replaces Steve Lewis, who stepped down as chief executive in February.
Majestic Wine also said it expects an adjusted pre-tax profit of about £21m for the year ended March 31. It reported a profit of £23.8m last year.