Majestic Wine chairman and founder John Apthorp has announced his retirement. His departure will take place following the company's AGM on August 5. He will be replaced by non-executive chairman Simon Burke, who has been a non-executive director with the retailer since 2000. He was formerly Virgin Retail Group chief executive and Hamleys chairman. Burke said of Apthorp: '[He] has set a very high standard for me to follow.'
The retailer made the announcement as it revealed that like-for-like sales increased by 10.4 per cent in the nine weeks from November 2 last year to January 3 this year. Majestic chief executive Tim How said: 'We are delighted with our sales performance over the Christmas period. Wines from Bordeaux, Italy, Chile and New Zealand sold very well, and Champagne sales grew strongly.'