All Majestic Wine articles – Page 3
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Retail Navigator Analysis
Majestic Wine (Overview)
Majestic Wine has been owned by US investment group Fortress since the end of 2019 when it was spun off as a separate entity from former sister company Naked Wines. This has allowed Majestic to focus on the turnaround of the business under well-respected chief executive John Colley.
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Retail Navigator AnalysisMajestic Wine (SWOT)
Majestic has carved out a distinctive and expanding niche position, with its depth of range giving it a competitive advantage. Competition from supermarkets remains the main threat.
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Retail Navigator AnalysisMajestic Wine (People)
The business is led by the well-respected John Colley as executive chairman and chief executive. The former Kingfisher chief trading officer was brought in for his second stint heading up Majestic in October 2019 when Fortress took control of the business from Naked Wines.
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Retail Navigator AnalysisMajestic Wine (Financials)
Majestic Wine saw its revenues decline 2.7% to £372.1m for the 53 weeks to 3 April 2023 (FY2022), down 4% on a comparable basis excluding the additional 53rd week.
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AnalysisC-suite shake-up: Retail’s new executive roles, from diversity to subscriptions
The retail industry is changing, and so too should the retail boardroom – Retail Week explores the new roles seated around the table
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AnalysisThe Big Question: Should retailers close their stores on Boxing Day this year?
After a tough year, retailers including Pets at Home, Beaverbrooks, Marks & Spencer and Asda have decided to give their colleagues Boxing Day off as a thank you. Retail leaders offer their view on whether the rest of the sector should follow their example.
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GalleryStore gallery: Majestic debuts new branding and fine wine push
Majestic Wine has debuted its refreshed branding at its newest store inside Beckenham’s iconic Chinese Garage.
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Opinion‘Don’t believe all the online hype – Next and Majestic show value of stores’
Amid a slew of strategic shifts focused on online growth and store closures, it was refreshing to have some timely reminders of the power of bricks and mortar this week.
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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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NewsNaked Wines chair Walden to step down
Naked Wines chair John Walden is to step down from the role in August for personal reasons.
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NewsMajestic Wine expands tie-up with Deliveroo
Majestic Wine has announced an expansion of its partnership with Deliveroo, both in terms of delivery locations as well as range.
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NewsMajestic Wine poaches new finance director from Oasis
Majestic Wine has poached its new chief financial officer from fashion retailer Oasis, as it looks to establish itself as an independent business under the ownership of a private equity firm.
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NewsMajestic 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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NewsMajestic Wine toasts ‘impressive performance’ during festive period
Majestic Wine has posted an uptick in sales during the festive period following a “year of uncertainty”.
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AnalysisAnalysis: The biggest hires and fires of 2019
As 2019 draws to a close, Retail Week takes a look back at all the hires and fires that have made shockwaves in the retail sector this year.
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AnalysisRetailers praise ‘emphatic clarity’ as Conservatives secure election win
Retail bosses have praised today’s general election result, which saw the Conservative Party secure its largest majority since 1987.
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NewsMajestic Wine targets ‘ambitious growth’ as sale completes
Majestic Wine has confirmed its sale to US firm Fortress Investment group for £95m.
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OpinionOpinion: 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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NewsNaked 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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NewsNaked Wines shareholders approve Majestic sale
Naked Wines shareholders have rubber-stamped plans to sell the Majestic Wine business to US private equity firm Fortress.
