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 [...]
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 [...]