​Majestic appoints John Walden as chair as it swings to loss

John walden

Majestic has appointed John Walden as its chair as it prepares to sell its core business to focus on Naked Wines.

Walden, the former boss of Home Retail and Argos, will join the business as chair-designate today. Incumbent Greg Hodder will step down after the business’ AGM in August and exit six months later after a handover period.

Majestic has also appointed the president of its US Naked Wines division, Nick Devlin, to the new position of group chief operating officer, a role he will fulfil from California.

The business reported rising full-year sales today but swung to a pre-tax loss of £8.5m compared to the £8.3m pre-tax profit it racked up the previous year.

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