All Off-licences and wine articles – Page 2
-
NewsNaked 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.
-
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.
-
NewsNaked 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.
-
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.
-
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.
-
NewsTesco 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.
-
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.
-
NewsFortress 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.
-
NewsMajestic 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.
-
NewsWaterstones 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.
-
OpinionOpinion: 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.
-
NewsAnalysis: 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”.
-
NewsOddbins 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.
-
NewsMajestic sales up but retail lags behind
Majestic reported a rise in sales over the festive quarter but its retail division failed to fly.
-
OpinionOpinion: 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.
-
NewsMajestic 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.
-
NewsFRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
-
NewsMajestic profits up as Naked Wines drives growth
Majestic has reported increased profits and sales at its full-year results with much of its growth coming from its Naked Wines division.
-
NewsBargain Booze owner Conviviality enters administration
Conviviality has formally entered administration as the beleaguered business continues to seek buyers for its retail division.
-
AnalysisConviviality: The inside story of its dramatic collapse
As remarkable as it sounds given the benefit of hindsight, at the beginning of the year Conviviality was one of the darlings of the City.