Majestic news

30 July 2020
The UK's largest wine specialist, Majestic Wine, has confirmed plans for future growth with a strategy that blends store openings and e-commerce. Online sales boom through lockdown During the lockdown when Majestic was unable to open its stores, it experienced an influx of over 150,000 customers using its delivery service operating from local stores. Online sales surged 300% in May and June...
05 September 2019
Majestic Wine has launched a new 'wine fitting' service that will offer personalised recommendations to customers in a similar way to television and music streaming services such as Netflix and Spotfy. Free bottle for wine fitting customers The service is being launched in all 180+ Majestic stores and involves a blind tasting of eight wines based on their stylistic qualities rather than gra...
06 August 2019
Majestic Wine has sold its store-based, Majestic-branded retail operation, plus its commercial (wholesale) business to the US-based Fortress Investment Group for £95m.  The disposal now effectively strips back the Majestic Wine business to the Naked Wines online operation that it acquired in 2015. Separation allows each part to focus on 'their unique propositions' In the wake of speculation...
25 March 2019
Majestic Wine is to launch a radical transformation plan that will see accelerated investment Naked Wines, its crowd sourcing business for independent winemakers. This will be funded in part by a scaling back of its established retail operations. Expansion for Naked Wines The plan will see the group rebrand under the Naked Wines name, and adopt a single model and management team to concentr...
22 November 2018
Wine specialist Majestic Wine has reported 5.4% revenue growth in its H1 results for the 26 weeks to October 1st, driven by expansion of its Naked Wines business, particularly in the US. Majestic remains on track to hit its £500m sales target in the current financial year, but profits were impacted by a step up in investment. For the period Majestic recorded a loss before tax of £0.2m, down from ...
14 June 2018
Two years into its three year transformation plan, Majestic Wine has reported a significant uplift in sales and profits, driven by a strong performance from its Naked Wines business. Reported revenues for the year ended 2 April 2018 were £476.1m, up 4.0% on a 52 week basis and the group swung back into the black, to an £8.3m profit from a £1.5m loss a year ago. Naked Wines drives profits growt...
23 November 2017
Majestic Wine has reported encouraging first half results with improved sales growth returning the group to profitability. Group sales rose by 5.7% putting the business on track to hit its £500m sales target by 2019. The business swung to a £3.1m profit before tax from a loss of £4.4m in H1 2016/17, driven by a turnaround at its Naked Wines subsidiary. Market share gains in tough conditions ...
17 November 2016
Majestic has reported strong sales for the six months ending 26 September 2016, however profits fell as a result of the Naked Wines acquisition last year. Group sales up 13.2% Group sales for the first half jumped 13.2% to £205.6m, with retail like-for-like sales rising 5.7%. In the same period, Majestic has seen an increase of 9.1% in customer numbers to 820,000. Sales at online reta...
07 January 2016
Majestic Wine, the UK's largest specialist wine retailer has posted a 42.6% jump in total sales for the 10 weeks to January 4th, lifted by contributions from newly acquired Naked Wines and initiatives to reinvigorate sales growth at the core Majestic Wines stores. On a pro-forma basis group sales were up 12.2%. Results boosted by Naked Wines acquisition Majestic's growth owes much to Naked ...
18 November 2015
In its first performance statement since the acquisition of Naked Wines in April 2015, and the arrival of new chief executive, Rowan Gormley, Majestic Wine has reported sales up 36% in the first half of 2015/16.  Though significantly boosted by the consolidation of the acquired business, sales in the core Majestic business were nevertheless up 6%, bolstered by a like-for-like performance of +2.3%...