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Best of Lex: your weekly round-up

US yield curve, Ferguson, Lyft, Uber, Naspers, Majestic Wine, Bertelsmann, Apple TV
FT.com - Published

UK's largest retailer of wine announces it will close shops - and four in Gloucestershire are at risk

uk's largest retailer of wine announces it will close shops - and four in gloucestershire are at risk
Shoppers have suffered yet another blow with announcement from Majestic Wine
Gloucester Citizen - Published Also reported by •Gloucestershire EchoStroud Life

Videos for "Majestic Wine"

Majestic swoops on Naked Wines | Lex [Video]Majestic swoops on Naked Wines | Lex

► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Lex's Rochelle Toplensky and Alan Livsey discuss Majestic Wine's £70m purchase of upstart crowdfunding platform Naked Wines,..

Credit: Financial Times     Duration: 03:27Published

 

Majestic Wine announces new store closure plan

MAJESTIC Wine is to embark on a store closure plan as part of a wider transformation that will see the group stomach extra costs.
The Argus - Published Also reported by •Express and StarTamworth Herald

Majestic Wine to close stores and rebrand as 'Naked Wines'

majestic wine to close stores and rebrand as 'naked wines'
The chain has five branches in Somerset and four in Wiltshire
Blackmore Vale - Published Also reported by •IndependentExeter Express and EchoNorth Devon JournalTiverton Mid Devon GazetteWestern Morning NewsTorquay Herald ExpressBBC News

Majestic Wine set to rebrand putting Notttingham store at risk of closure

majestic wine set to rebrand putting notttingham store at risk of closure
The retailer will be rebranded as a new company
Nottingham Post - Published

Majestic Wine stripped of its name and capital by Naked boss Gormley

CEO plans to rebrand group as Naked Wines and close stores to focus on the fast growing online business in what is becoming a familiar tale on the British high street
Independent - Published

Derbyshire stores at risk as Majestic Wine closes stores and rebrands under new name

derbyshire stores at risk as majestic wine closes stores and rebrands under new name
The retailer has two branches in Derbyshire which could be affected
Derby Telegraph - Published

Majestic Wine stretched by back-breaking retail market and changing shopping habits over Christmas

majestic wine stretched by back-breaking retail market and changing shopping habits over christmas
Wine seller Majestic said today that Christmas trading was more difficult than it anticipated as economic uncertainty and weak consumer confidence in the run-up to Brexit take their toll.
MailOnline - Published

Majestic Wine admits it is stockpiling booze ahead of Brexit as it swings to a half-year loss

Majestic Wine said it will import additional bottles worth between £5million and £8million before the end of its financial year, which coincides with the date set for Brexit - March 29.
MailOnline - Published

Majestic Wine lays down Brexit vintage but profit drained


FT.com - Published

Instagram-friendly rosé wine set to break sales records this winter

instagram-friendly rosé wine set to break sales records this winter
Last year Majestic Wine Warehouse sold 110,000 bottles of rosé in Britain in the lead-up to Christmas, and sales of bottles from the south of France are up by 53 per cent this year, it said.
MailOnline - Published

Strong demand boosts BI Fine Wine

strong demand boosts bi fine wine
Fine wine and spirits merchant, Bordeaux Index, has seen its sales surpass £50m for the first time since 2011.  BI has posted a 6.1 per cent increase in overall sales, even as the 2017 Bordeaux En..
City A.M. - Published

Cash shell chaired by Majestic Wine founder brings gastropub group onto Nex

cash shell chaired by majestic wine founder brings gastropub group onto nex
A reverse takeover has put a boutique hotel group on the Nex Exchange Growth Market today, raising over £500,000. Turf to Table, a three-site group of gastropub hotels, was acquired by the Aim..
City A.M. - Published

Majestic Wine firm despite cautious outlook

majestic wine firm despite cautious outlook
Majestic Wine revealed solid full-year figures this morning, but issued a cautious outlook. Revenue rose by 2.3% to £476.1 million, broadly in line with estimates. Pre-tax profits jumped by 33% to..
City A.M. - Published

Aperol spritz puts fizz in Majestic Wine


Telegraph.co.uk - Published

Majestic Wine back in the black after year of transformation

majestic wine back in the black after year of transformation
Shares in Majestic Wine fell this morning as the retailer's boss warned that the UK market could be even tougher next year. The group reported a profit after booking a loss this time last year, as..
City A.M. - Published

Opening Quote: Majestic Wine knows it’s not time to open another


FT.com - Published

Naked success at Majestic Wine: Drink boss doubles marketing budget

naked success at majestic wine: drink  boss doubles marketing budget
Chief exec Rowan Gormley, who set up Naked in 2008 and sold it to Majestic in 2015, becoming boss of the combined group, said the investment would dent profits by up to £3m.
MailOnline - Published Also reported by •thisismoney.co.uk

Majestic Wine’s investment goes down better than Conviviality’s

Rowan Gormley’s plans seem intentionally low-risk — which has assuaged investors
FT.com - Published

Majestic Wine profits set to dip as it bolsters marketing


Telegraph.co.uk - Published

Majestic tops up investment in Naked Wines, but warns profits will fall

majestic tops up investment in naked wines, but warns profits will fall
Majestic Wine has committed to investing more in its Naked Wines business, but profits are likely to be slashed in the process. Ahead of a capital markets day this afternoon, the wine retailer said..
City A.M. - Published

Majestic Wine pays women 5.5 per cent more than men

majestic wine pays women 5.5 per cent more than men
The average hourly rate for female workers at Majestic is 5.5 per cent higher than their male counterparts, with female retail workers paid 2.3 per cent more on average.
MailOnline - Published Also reported by •thisismoney.co.uk

Prosecco more popular than Champagne this Christmas

prosecco more popular than champagne this christmas
Sales of prosecco outstripped champagne by ten to one this Christmas - as sales of French fizz sunk. Retailer Majestic Wine said English sparkling wine was also flying off the shelves.
MailOnline - Published

Majestic Wine toasts lift in sales as Christmas prosecco sales fizz


Telegraph.co.uk - Published

Majestic Wine raises a glass to sales growth in key Christmas trading

majestic wine raises a glass to sales growth in key christmas trading
Majestic Wine toasted a festive Christmas trading period today as it revealed sales in its retail business rose. In a trading update, the wine retailer said its sales grew by 3.2 per cent, or 4.1..
City A.M. - Published

Wine glasses are seven times bigger than they used to be

wine glasses are seven times bigger than they used to be
Wine glasses just keep getting bigger. While most Londoners will be familiar with the experience of paying an arm and a leg for a measly 125ml, it turns out glassware, and the measures we drink from..
City A.M. - Published

Don't tell your gran, but it's now cool to sip sherry

don't tell your gran, but it's now cool to sip sherry
Drinks retailer Majestic wine has seen sales of sherry soar over the past year in Britain, as hipsters swap craft beer and gin for fortified wines.
MailOnline - Published

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