Majestic has bought Vagabond out of administration, in a move that will secure more than 170 jobs.

The news follows an announcement last month that Majestic was exploring a deal to acquire the struggling pour-your-own wine bar group.

Quantuma managing directors, Andrew Andronikou and Brian Burke, who were appointed as joint administrators of Vagabond Wines on March 15, said the sale secures the future of nine Vagabond wine bars and provides job security for 171 members of staff.

The deal with Majestic excludes Vagabond sites at Gatwick Airport and Canary Wharf. Administrators will continue to trade operations at Gatwick while they “progress discussions” with interested parties. Operations at Canary Wharf “will cease shortly” the administrators said, with all staff to be redeployed at other locations.

Majestic CEO John Colley said: “We are delighted to have secured this partnership with Vagabond Wines and are looking forward to working with the team to share our collective passion, expertise and love of wine. The completion of this deal marks the start of a long-term partnership and we are committed to investing in the Vagabond business, with the potential to open new wine bars across the UK when the right opportunities arise.”