Blast of the summer wine: English producers benefit from warmer climate Food The renaissance of English wine shows no sign of stopping in 2024 as increasing temperatures create better growing conditions in the south of the country. Turnover at the biggest producers of English wine has risen by 15 per cent in the last year and nearly three-fold in the past five years, according to accountancy group [...]
Majestic Wine and Poundstretcher owner Fortress cuts costs Business The UK arm of Fortress Investment Group, whose portfolio includes the likes of Majestic Wine, Punch Pubs and Poundstretcher, saw its revenue and profit dip during 2023 as its US owner cut costs.
Vagabond Wines: How troubles at Heathrow and Gatwick airports led to collapse before the Majestic rescue Administration Vagabond Wines, which has the majority of its sites in London, owed more than £10m as it collapsed into administration ahead of being rescued by Majestic Wine, it has been revealed.
Naked Wines sees revenue slump following tough trading conditions May 21, 2024 Loss making Naked Wines said revenue slide in the year to April, following a tricky period which included the business cutting jobs and hiring advisors
Owner of Majestic Wine and Punch Pubs acquires one of UK’s biggest discount retail chains April 11, 2024 Poundstretcher, one of Britain's biggest discount retail chains, has been sold to the owner of Majestic Wine and Punch Pubs.
Naked Wines shares dive as it ousts boss and warns of falling revenues November 7, 2023 Naked Wines shares plunge after it slashes revenue forecasts and dumps chief executive
Wine sellers bottle it as middle-class customers scale back amid cost of living crisis October 25, 2023 Virgin Wines' chief executive officer, Jay Wright, is "confident" in the group's longer-term prospects — despite a 10 per cent drop in share price.
Why the 2021 Burgundy is great and why you probably can’t afford it February 8, 2023 L ondon was abuzz with Burgundy this January and the release of the challenging 2021 vintage En Primeur. To buy En Primeur is to purchase before the wine is officially on the market and means consumers can snap up wines at an often more favourable price point – something that would be very desirable for [...]
Majestic: Brits taste for champagne and sparkling wine in December boosts sales with second-largest festive intake ever January 10, 2023 Brits guzzled down 20 per cent more wine at Christmas than before Covid, as Majestic posted its second-highest festive intake in 40 years. The UK’s largest specialist retailer, Majestic Wine, raked in a sales increase of 21.1 per cent against 2019, with English sparkling wine proving particularly popular. Majestic reported that sales rose 0.2 per [...]
EXCL – Majestic Wine’s CEO John Colley on why 2022 will go down as the year of fizz December 29, 2022 Two years ago Majestic Wine went private, under the ownership of Fortress Investment. As a private entity, the company has enjoyed two years of transformation and the results have not gone unnoticed in the City: record growth and record sales. The Watford-based wine giant also opened a number of new branches and undertook a turn-around plan whilst [...]