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HOW DID MAJESTIC WINE PERFORM GIVEN THE TOUGH ECONOMIC CLIMATE?

<strong>FIONA ORFORD-WILLIAMS </strong> EDISON<br />&ldquo;Majestic managed respectably under the circumstances &ndash; it&rsquo;s not exactly a surprise that it took a heavy hit from corporates cutting back on champagne. It would have been more squeezed if it were flogging basic entry-level plonk wines, since the mid to high end is more resilient.&rdquo;<br /><br /><strong>CHARLES PICK </strong>FINNCAP<br />&ldquo;The results are in line with expectations, though champagne sales fell, which is a classic barometer of a recession. Times will continue to be tough but I am encouraged that Majestic&rsquo;s market share remained steady despite the supermarkets offering special discounts on wine.&rdquo;<br /><br /><strong>NICK BUBB </strong>PALI INTERNATIONAL<br />&ldquo;Corporate purchases have clearly been hit by the recession, but this has been offset to an extent by the recent favourable weather. Also, there is always room for a good specialist in this sector and Majestic&rsquo;s strong range and service obviously keeps its loyal customers coming back.&rdquo;<br />