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 Star •Tamworth Herald
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 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
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
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
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 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
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
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 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