All Off-licences and wine articles
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NewsMajestic toasts surge in sales and eyes new store openings
Majestic Wine has toasted a surge in sales during lockdown and lifted the lid on its growth plans, including new store openings.
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News
Naked Wines narrows losses as lockdown accelerates sales growth
Naked Wines has reported narrowing losses in its full-year results spurred by a “sharp acceleration” in sales since the outbreak of the coronavirus pandemic in the West.
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Analysis
Lockdown boom: Five retailers given a boost by housebound shoppers
Although coronavirus is hitting most non-food retailers hard, some businesses have been given a boost by the lockdown. Retail Week looks at some of those winning right now.
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News
Naked Wines sales to exceed £200m as lockdowns raise demand
Naked Wines has said its full-year 2020 revenues will be in excess of £200m due to higher levels of demand from new and repeat customers under lockdown because of coronavirus.
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News
Majestic Wine MD Lincoln exits as new boss Colley shakes up exec team
Majestic Wine managing director Josh Lincoln has left the business as new boss John Colley sets about reshaping his executive team.
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News
Naked Wines hails ‘good performance’ over Christmas as Gormley departs
Naked Wines has reported it had a “good performance” over Christmas with strong underlying revenue growth, as its founder and chief executive retires with immediate effect.
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Opinion
Opinion: Does Gormley’s departure leave Naked Wines exposed?
Alongside Naked Wines’ first set of results since investors approved the sale of Majestic Wine in September came the shock revelation that its founder and chief executive Rowan Gormley would be departing the business after Christmas.
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News
Naked Wines boss Gormley to step down as losses widen
Naked Wines founder and boss Rowan Gormley is to step down following the Christmas trading period and the sale of its Majestic business.
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News
Tesco eyes Finest pop-ups in golden quarter push
Tesco is planning to launch a clutch of Finest pop-up stores in major cities across the UK during the golden quarter.
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News
Naked Wines shareholders approve Majestic sale
Naked Wines shareholders have rubber-stamped plans to sell the Majestic Wine business to US private equity firm Fortress.
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News
Fortress closes in on £100m Majestic Wine deal
US private equity firm Fortress is closing in on a £100m deal to buy Majestic Wine – and has sounded out industry veteran Dan Jago to run the business.
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News
Majestic appoints John Walden as chair as it swings to loss
Majestic has appointed John Walden as its chair as it prepares to sell its core business to focus on Naked Wines.
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News
Waterstones owner joins race for Majestic Wine
Elliott Advisors – the investment company that owns Waterstones and most recently acquired Barnes Noble – has made a bid for Majestic Wine.
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Opinion
Opinion: Will Majestic's plan be the toast of the City?
Majestic Wine will unveil the details of a radical strategic plan next week as it aims to bottle higher volumes of online and overseas growth.
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News
Analysis: Is Gormley's strategy Majestic or misguided?
When Rowan Gormley took the reins at Majestic Wine, then-chair Phil Wrigley claimed the new boss had been “handed the keys to the Ferrari”.
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News
Oddbins warns of redundancies as advisers weigh options
Off-licence business Oddbins has warned of job losses after appointing advisers to look at its options following an “extremely tough” Christmas.
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News
Majestic sales up but retail lags behind
Majestic reported a rise in sales over the festive quarter but its retail division failed to fly.
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Opinion
Opinion: Majestic’s share price will regain its fizz
Majestic Wine’s share price has lost some sparkle since the retailer unveiled half-year numbers last Thursday.
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News
Majestic swings to red amid customer acquisition plan
Majestic Wine has swung to a half-year loss as the retailer ramps up investment in acquiring new customers.
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News
FRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
