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 [...]
Argentinian Malbec is top tipple as Majestic toasts craft beer and fine wine sales November 17, 2014 Majestic chief executive Steve Lewis said yesterday that the group’s push into craft beers and spirits was helping to fend off competition from supermarkets after sales of brands, including top seller Curious Brew, soared in the first half. The wine specialist is stacking its shelves with a new range of 40 artisanal spirits such as [...]
Majestic Wine’s profits to stay flat until 2016 June 16, 2014 British booze retailer Majestic Wine disappointed investors yesterday after it reported flat profits of £23.8m for the year ended 31 March, compared to £23.7m the previous year, amid a market that its chairman said had been challenging for the business. Majestic’s board also warned that the company does not expect to see further substantial profit [...]
Majestic Wine sees profits rise with average bottle selling at £7.94 June 16, 2014 The UK's largest wine specialist Majestic Wine has enjoyed a rise in profit before tax to £23.8m for the year ended 31 March, compared to £23.7m the previous year. Total sales climbed 1.4 per cent to £278m, with market share rising by 0.1 per cent to 4.2 per cent. Sales of Rose from Provence rocketed [...]
Majestic shares dumped after profit warning March 20, 2014 INVESTORS uncorked their shares in Majestic Wine yesterday after the specialist wine retailer warned that a dry spell in February sales had flattened full-year profits. Chief executive Steve Lewis said that trading conditions since the more buoyant Christmas period have been “challenging” and that with just two weeks to go until its year-end, it now [...]