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ThirtyFifty - Hens

Wine News

Naked Wines' losses grow

Thursday, September 5, 2024

Naked Wines is an online wine retailer in the UK, also operating in America and Australia. Naked Wines share price was at an all time low of 51.45p as of 5th September 2024, it’s lowest level since 1996 when the shares first listed as Majestic Wine, before a reverse takeover. When Naked Wines sold the rump of Majestic wine retail business in August 2019, the share price was at 220p and is now worth less than a quarter of the value.

Recently, the CEO was changed to Rodrigo Maza and they will have a new CFO Dominic Neary, who joins on 1 November 2024.

Rowan Gormley, Naked’s non-executive chairman, says We’re making real progress turning things round. Now that the team has addressed the cost base and liquidity issues, we can focus our attention on the big prize...restoring Naked Wines to profitable growth.

Interviews and News for Majestic

Majestic asks wine suppliers for financial help

Majestic asks its suppliers to help with investment in their new distribution centre.

Who had a turkey for Christmas wine sales?

Retailers announce Christmas period wine, beer and spirit sales.

Steve Lewis Majestic CEO steps down

Steve Lewis the CEO of Majestic has stepped down from his role with immediate effect, after 29 years with the business.

Majestic buy Naked Wines despite loss

Unprofitable Naked Wines bought out by Majestic Wine

Majestic profits fall

New Chief Executive puts plans in place to help ailing profits at Majestic.

Majestic profits sink

Majestic new store plans cut as profits sink

Naked Wines sales up

Naked Wines reaches top annual sales

Deliveroo now deliver wine to you

Deliveroo delivery firm team up with Majestic and BrewDog

Naked Wines to raise prices

Brexit fallout affects Naked Wines prices

Majestic plays catch up with next day delivery

New fulfilment centre enables more flexible delivery options for Majestic online orders

Christmas Trading Results

Sparkling wine boosts most retailers Christmas trade

The 6 week heatwave has been great for the UK wine industry, both in the vineyard and the pubs

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.

Majestic numbers disappoint but its business is poised for revolution

This week Majestic disappointed the market which has seen its share price drop by nearly a third over the last year.

Majestic Wine plans store closures

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 unsure of the future of its retail wine 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 announce surprise loss

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.

Naked Wines sells Lay & Wheeler

Lay & Wheeler, founded in 1854, sells fine wines, En Primeur and wines by subscription and has been sold for £11.3 million.

Majestic shuts Calais store

Majestic announces the closure of its Calais wine store with the loss of 20 staff.

Russian-owned wines continue to be sold in the UK

Farr Vintners and Majestic continue to sell Russian owned French wines in the UK

Naked Wines' losses grow

Naked Wines' losses grow as sales slide a further 18% as the business re-finances and a new CEO takes control.

Interviews and News for Rowan Gormley

Majestic profits fall

New Chief Executive puts plans in place to help ailing profits at Majestic.

Weak pound has seen Majestic supply unusual wines but has not helped profits

Majestic profits continue to fall as sales rise despite a move to more entry level wines from unusual regions.

Awards, Awards, Awards - Decanter, The Drinks Business and Drinks Retailing all announce winners.

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...

Majestic numbers disappoint but its business is poised for revolution

This week Majestic disappointed the market which has seen its share price drop by nearly a third over the last year.

Majestic Wine plans store closures

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.

Naked Wines CEO Rowan Gormley to step down as losses grow

Rowan Gormley announced he is stepping down from Naked Wines, after Majestic paid for his takeover and listing of Naked Wines.

Naked Wines announce £15m loss

Naked Wines announce much delayed results and it’s a £15m loss.

Naked Wines' losses grow

Naked Wines' losses grow as sales slide a further 18% as the business re-finances and a new CEO takes control.

Interviews and News for Naked Wines

Naked Wines named Online Business of the Year

National Business Awards name Naked Wines UK Online Business of the Year.

Italian winemaker discovered by Naked Wines

Angels wine discovery sells out in 24 hours.

Naked Wines angels come to the rescue of British winemaker

British winemaker suffers at hands of vandals but Naked Wines come to the rescue.

Majestic buy Naked Wines despite loss

Unprofitable Naked Wines bought out by Majestic Wine

Naked Wines sales up

Naked Wines reaches top annual sales

Naked Wines to raise prices

Brexit fallout affects Naked Wines prices

Weak pound has seen Majestic supply unusual wines but has not helped profits

Majestic profits continue to fall as sales rise despite a move to more entry level wines from unusual regions.

Naked Wines pulls out of Australian Northern Territory due to minimum pricing

Australia’s Northern Territory has instigated a minimum pricing on alcohol, with Naked Wines claiming it is too difficult to calculate the new minimum prices and says it will pull out of the region.

Majestic numbers disappoint but its business is poised for revolution

This week Majestic disappointed the market which has seen its share price drop by nearly a third over the last year.

Majestic Wine plans store closures

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 announce surprise loss

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.

Naked Wines sells Lay & Wheeler

Lay & Wheeler, founded in 1854, sells fine wines, En Primeur and wines by subscription and has been sold for £11.3 million.

Naked Wines CEO Rowan Gormley to step down as losses grow

Rowan Gormley announced he is stepping down from Naked Wines, after Majestic paid for his takeover and listing of Naked Wines.

Naked Wines to improve carbon footprint

Naked Wines plan to reduce the weight of 3.5 million wine bottles, and ensure another 2.5 million do not get any heavier under its current contracts.

Naked Wines share price drops by 44%

Naked Wines share price drops by 44% after they predicted falling sales in the coming year. The announcement has caused the shares to tumble in what has been typically classified as a fast growing but loss making business.

Naked Wines announce £15m loss

Naked Wines announce much delayed results and it’s a £15m loss.

Naked Wines' losses grow

Naked Wines' losses grow as sales slide a further 18% as the business re-finances and a new CEO takes control.