Why the 2021 Burgundy is great and why you probably can’t afford it February 8, 2023 L ondon was abuzz with Burgundy this January and the release of the challenging 2021 vintage En Primeur. To buy En Primeur is to purchase before the wine is officially on the market and means consumers can snap up wines at an often more favourable price point – something that would be very desirable for [...]
Majestic: Brits taste for champagne and sparkling wine in December boosts sales with second-largest festive intake ever January 10, 2023 Brits guzzled down 20 per cent more wine at Christmas than before Covid, as Majestic posted its second-highest festive intake in 40 years. The UK’s largest specialist retailer, Majestic Wine, raked in a sales increase of 21.1 per cent against 2019, with English sparkling wine proving particularly popular. Majestic reported that sales rose 0.2 per [...]
EXCL – Majestic Wine’s CEO John Colley on why 2022 will go down as the year of fizz December 29, 2022 Two years ago Majestic Wine went private, under the ownership of Fortress Investment. As a private entity, the company has enjoyed two years of transformation and the results have not gone unnoticed in the City: record growth and record sales. The Watford-based wine giant also opened a number of new branches and undertook a turn-around plan whilst [...]
Majestic to freeze wine prices for pubs and restaurants until spring December 12, 2022 Wine seller Majestic has frozen prices for pubs and restaurants until next spring, as the hospitality industry grapples with a tough winter. The country’s largest wine retailer said it would lock its prices for venues until the end of April 2023. Hospitality venues have been struggling with hiked costs across the board with energy to [...]
Naked Wines founder turns advisor in bid to weather financial storm September 16, 2022 Naked Wines’ founder and former chief executive Rowan Gormley has been appointed to an advisory role as the winemaker weathers the current financial storm. The company, which connects shoppers and wine makers, recently said it was “reviewing potential operational and financial plans for the next 18 months.” It will publish an update during the week [...]
Shares in Naked Wines plummet following shock stock market announcements September 14, 2022 INVESTORS gave Naked Wines a sniff yesterday after two shock stock market announcements – and sent the sommellier back to the cellar. Shares were down almost 40 per cent yesterday after the firm this week announced the departure of a non-executive director after just two weeks and a worrying business update. Wayne Brown, an analyst [...]
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Wine drinkers toast Brexit deal as French clarets, German rieslings and UK sparkling wine escape regulatory burdens December 27, 2020 Wine drinkers will have reason to celebrate at least one aspect of the Brexit deal, industry insiders say, after it emerged it will cut red tape for wine exporters and importers. Insiders had feared that the UK’s departure would entail an additional, costly regulation – in the form of the VI-1 certificate – after the [...]
Deliveroo expands Majestic Wine partnership during lockdown May 20, 2020 Deliveroo has expanded its partnership with Majestic Wine, adding an extra 50 stores to the app during the coronavirus lockdown. The platform will now provide deliveries from a total of 80 Majestic Wine stores across the UK, and has expanded the range of wine and spirits available to buy, to cater for a surge in [...]
Naked Wines hopes US float will be recipe for success after Majestic sale August 4, 2019 Online wine retailer Naked Wines is said to be preparing for a US listing following the sale of sister company Majestic. Chief executive Rowan Gormley has told investors he plans to list the firm on the tech-heavy Nasdaq exchange once the sale of Majestic goes through, the Sunday Times reported. Read more: Majestic Wine sells [...]