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 [...]
Sir Philip Green loses his billionaire status May 12, 2019 Sir Philip Green has lost his billionaire status, rounding off a torrid 12 months for the scandal-hit fashion mogul. For the first time since 2002, Green can no longer count himself a member of the billionaires club after seeing his personal fortune halve over the course of the last year. The Topshop tycoon and his [...]
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 [...]
Glass half empty for retailer Majestic Wine as losses drive shares down November 22, 2018 Majestic Wine’s share price took a 14 per cent hit this morning after it posted half-year losses and predicted its full-year results to be “flat at best” against the year before. The figures The retailer posted a £200,000 loss for the six months to 1 October, down on a £3.1m profit for the same period last year. [...]
Majestic to roll out Naked Wines click and collect service in stores July 28, 2015 Majestic Wines said yesterday it will launch a Naked Wines click-collect service in stores across the UK following its £70m acquisition of the younger crowdfunding business earlier this year. The wine retailer said the service had proved a hit with Naked Wines customers after a trial at 22 stores, with over 2,900 orders placed. [...]
Majestic Wine profits fall after group makes big investments for the future with Naked Wines aquisition June 15, 2015 Majestic Wine’s profits fell 12.2 per cent during 2015, after the company spent big in acquiring rival Naked Wines. Chief executive Rowan Gormley admitted the company will suffer a short-term hit to its profit as it looked to invest in the short term. The figures Adjusted profit before tax fell to £20.9m in the 52 weeks [...]
Majestic Wine gets Naked truth from new CEO Rowan Gormley April 12, 2015 The new chief executive of Majestic Wine says he will “unleash” the retailer’s entrepreneurial spirit and shake-up its online business following the £70m acquisition of younger rival Naked Wines. Rowan Gormley founded Naked Wines in 2008 after coming up with the idea of using crowdfunding to help forward-fund independent vineyards in return for exclusive wines [...]
Majestic Wine share price falls after buying Naked Wines for £70m and naming Rowan Gormley chief executive April 10, 2015 Wine companies Majestic and Naked are toasting a multi-million pound deal. Majestic, Britain's largest specialist wine retailer, has bought Naked Wines, a boutique online wine seller, for £70m, combining their online and offline businesses to create a wine retailer with greater international clout. Naked founder and chief executive Rowan Gormley will take the helm of [...]
Majestic Wine’s boss Steve Lewis resigns after 29 years with firm February 19, 2015 Steve Lewis, the chief executive of Majestic Wine, yesterday resigned from the company with immediate effect, after a difficult festive trading period for the company. Lewis had been with the UK’s largest wine retailer for 29 years, including 16 years on the board and six years as chief executive, having risen through the ranks from [...]
Majestic Wine share price tanks 17pc after pricing competition warning January 7, 2015 Shares in Britain’s largest specialist wine retailer Majestic plummeted 17 per cent in trading yesterday after it warned the increased pricing competition that saw it cut profit margins over Christmas would continue into 2015. The Watford-based company’s 1.1 per cent like-for-like sales growth over the 10-week Christmas period was a heavy decline on its 2.8 [...]