Majestic Wine is to embark on a store closure plan as part of a wider group transformation.
The specialist wine retailer did not specify the number of stores it will close.
Majestic will also rebrand as Naked Wines following its takeover of the group in 2015.
Boss Rowan Gormley said: "We also believe that a transformed Majestic business does have the potential to be a long-term winner, but that we risk not maximising the potential of Naked if we try to do both.
"Where we have no choice but to close stores we will aim to minimise job losses by migration into Naked.
"Therefore we have taken a decision to focus all of our capital and energies into delivering the long-term potential of Naked, and releasing value from Majestic."
