Naked Wines, an online wine retailer, sold Lay & Wheeler, a specialist fine wine merchant established in 1854, to Coterie, a hub for small batch, organic, premium contract winemaking in Marlborough, New Zealand, for £11.3m. "Following the disposal of Majestic Retail and Commercial, I am delighted that we have also secured an independent future for Lay & Wheeler and its employees. I would like to thank all staff, customers and suppliers for their loyalty and continued dedication during the process. We look forward to our future as a much simplified and growth orientated company continuing to focus on the huge opportunity ahead of us." Rowan Gormley, CEO of Naked.