City helps UK pull ahead of rivals to be Europe’s top destination for investment in financial services
Majestic Wine ‘in advanced talks’ over sale of retail arm June 13, 2019 Majestic Wine announced it was in advanced talks with multiple bidders over the sale of 200 stores as it focuses on its online business. The company plans to spin off the Majestic Retail and Commercial arm and focus on its Naked Wines brand, which has a “greater potential for growth”. The figures In the year [...]
Activist investor Elliott launches audacious bid for Majestic Wine stores June 12, 2019 Activist investor Elliot has launched a bid for 200 Majestic Wine stores as the retailer switches its focus from the high street to online. US-based Elliot has pitted itself against private equity firm OpCapita and Fortress, the investment group owned by Japan’s SoftBank, in the sale, in which Majestic is hoping to recoup £100m. Read [...]
Wines to have at Easter – including bottles to pair with chocolate March 20, 2024 Which wine goes with massive chocolate Easter Eggs? We’ve got a pairing for every Easter Sunday course The long weekend is going to be here soon, bringing with it Easter Sunday, a celebration that is full of traditional foods and feasting. With so many dishes, it’s a perfect excuse to dive into a few different [...]
DEBATE: Are overseas private equity bids good news for the UK? August 24, 2021 Morrisons has accepted a £7bn bid from US private equity firm Clayton Dubilier & Rice. The fierce competition from US investors to buy the British supermarket giant has prompted concerns over what an injection of foreign money would mean for the high street stalwart. Ewan MacKinnon and Fraser Thorne take on the debate: Ewan MacKinnon, [...]
Burns Night booze: What to drink and where to drink it January 24, 2024 Enjoy great drink thanks to the lyricism of Robert Burns and the continued Scottish tradition of Burns Night on 25th January
Stores at risk as Majestic Wine plans ‘Naked’ rebrand March 25, 2019 The UK’s largest specialist wine retailer is to close stores and undergo a major rebranding, it revealed this morning, sending shares down in early morning trading. Read more: Regal results for Majestic Wine despite UK retail headwinds Majestic Wine has announced plans to shut a number of stores and rename itself under the "Naked Wine" brand [...]
Major investor LGIM calls for more detail on Morrisons property portfolio before voting on takeover July 5, 2021 Legal & General Investment Management (LGIM), one of Morrisons’ biggest shareholders, has called for more detail on Morrisons’ property portfolio before it votes on a private equity takeover bid. Over the weekend Morrisons accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress. But this morning rival Apollo said [...]
These six bottles offer the perfect wine for winter November 6, 2023 These six bottles offer the perfect wine for winter, says our wine writer Libby Brodie
Bottoms up: Naked Wines revenue soars on lockdown boom November 19, 2020 Naked Wines’ first-half revenue has soared thanks to an increase in home delivery orders amid lockdown. With pubs and bars shut from March, Naked Wines recorded an 80 per cent surge in sales to £157.1m, compared with £87.5m a year earlier. It also narrowed first-half adjusted loss before interest and tax from £4.5m a year [...]
Majestic Wines looks to sell off UK retail business as online shift continues April 23, 2019 Majestic Wines could sell off its entire UK retail business as it pivots to focus on its online wine seller brand Naked Wines. Read more: British Land sells Sainsbury's superstores for £429m The company’s board has appointed Rothschild bankers to explore a potential sale of its retail and commercial portfolio, which include around 200 stores. City [...]