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Majestic could be about to ditch its six bottle minimum order size in a bid to boost profits which fell by almost a quarter to £18.4million. The new chief executive Rowan Gormley who founded Naked Wines has devised a rescue plan in the hope of restoring the business. As part of the plan they will be testing ditching the minimum 6 bottle order rule and revamping stores to be less like warehouses. So just like an ordinary off-licence then?
Majestic asks its suppliers to help with investment in their new distribution centre.
Retailers announce Christmas period wine, beer and spirit sales.
Steve Lewis the CEO of Majestic has stepped down from his role with immediate effect, after 29 years with the business.
Unprofitable Naked Wines bought out by Majestic Wine
New Chief Executive puts plans in place to help ailing profits at Majestic.
Deliveroo delivery firm team up with Majestic and BrewDog
New fulfilment centre enables more flexible delivery options for Majestic online orders
The hot weather and the Fifa World Cup has encouraged drinkers, while in the vineyard the weather has given a cracking start to the growing season.
This week Majestic disappointed the market which has seen its share price drop by nearly a third over the last year.
Majestic Wines, the high street darling of the UK wine drinker, has announced this week that it plans on shutting stores and selling its wine retail business.
Majestic’s board has appointed investment bank Rothschild to look for potential buyers for the company’s brand and 200 stores while it tries out new Naked branded showroom.
Majestic, the UK wine retailer, release their results with a loss of £8.5 million as more money is diverted into online retailer Naked Wines.
Lay & Wheeler, founded in 1854, sells fine wines, En Primeur and wines by subscription and has been sold for £11.3 million.
Majestic announces the closure of its Calais wine store with the loss of 20 staff.
Farr Vintners and Majestic continue to sell Russian owned French wines in the UK
Naked Wines' losses grow as sales slide a further 18% as the business re-finances and a new CEO takes control.
New Chief Executive puts plans in place to help ailing profits at Majestic.
Majestic profits continue to fall as sales rise despite a move to more entry level wines from unusual regions.
The Drinks Business Awards 2018, Drinks Retailing Most Influential 100 People and top medals at Decanter World of Wine Awards 2018 all announce winners. And the winners are...
This week Majestic disappointed the market which has seen its share price drop by nearly a third over the last year.
Majestic Wines, the high street darling of the UK wine drinker, has announced this week that it plans on shutting stores and selling its wine retail business.
Rowan Gormley announced he is stepping down from Naked Wines, after Majestic paid for his takeover and listing of Naked Wines.
Naked Wines announce much delayed results and it’s a £15m loss.
Naked Wines' losses grow as sales slide a further 18% as the business re-finances and a new CEO takes control.