Majestic Wine PLC Majestic Wine wins High Street Chain of the Year
11 Juli 2016 - 8:00AM
RNS Non-Regulatory
TIDMWINE
Majestic Wine PLC
11 July 2016
RNS REACH 11 July 2016
Majestic Wine PLC
("Majestic")
Majestic Wine wins High Street Chain of the Year
Majestic Wine, the UK's largest specialist wine retailer is
pleased to announce it has won "High Street Chain of the Year" at
the International Wine Challenge ("IWC") Merchant Awards 2016.
The IWC was established in 1984 and is widely accepted as the
"world's finest and most meticulously judged wine competition". The
Merchant Awards celebrate the most successful businesses, which
deliver an outstanding service to wine consumers across the UK. The
awards are based on top quality wines and a commercially
successful, viable, and proven business model.
Over the past year Majestic Wine has embarked on a
transformational strategy aimed at helping customers find wines
that they will love thanks to guidance from over 900 store team
members who know and love wine. Driven by the "getting back to
retail basics" project, a number of changes have been made to
simplify the shopping experience for customers, improve the support
systems of the business and to recognise our people.
John Colley, Managing Director of Majestic Retail commented:
"Winning the IWC High Street Chain of the Year award is an
incredible achievement and is especially important as it reflects
all the work that has been done this year as part of our
transformation plan. We are making brilliant steps in becoming a
customer focused business with the best people in the trade and I'd
like to not only thank the IWC for recognising how far we have come
in this short period of time but also all our people at Majestic
for their efforts in putting the customer back at the heart of what
we do."
The International Wine Challenge commented:
"Majestic Wine scooped the prize for the IWC High Street Chain
of the Year 2016, a huge award for a company that is still changing
and evolving. One year into a three-year turnaround plan which
included the acquisition of Naked Wines in April 2015, Majestic
reported an increase in sales in June. They have improved their
range and refreshed and rebranded their stores, and they have also
done away with the minimum purchase of six bottles. They continue
to ensure their staff are well trained, so they can really help the
customer. This win recognises the management is absolutely on the
right track."
For further information, please contact:
Majestic Wine PLC Tel: 01923 298 200
Rowan Gormley, Chief Executive
Officer
James Crawford, Chief Financial Tel: 07891 206239
Officer
Gabriella Clinkard, Public
& Investor Relations
Buchanan (Financial PR) Tel: 0207 466 5000
Sophie McNulty / Hannah Brandstaetter Email: majesticwine@buchanan.uk.com
/ Catriona Flint
Investec (NOMAD & Joint Broker) Tel: 0207 597 5970
Garry Levin / David Flin /
David Anderson/Carlton Nelson
Liberum (Joint Broker) Tel: 020 3100 2222
Peter Tracey / Anna Hartropp
/ Richard Bootle
About Majestic Wine PLC:
Majestic Wine PLC is a leading wine specialist, operating in
four separate divisions, each with the fundamental goal of
delivering sustained growth in shareholder value by doing the right
thing for the Group's customers, suppliers and people:
--Majestic Retail - The UK's largest specialist wine retailer,
with 210 branches in the UK and 2 in France. We help people find
the wines they will love through over 900 highly trained,
specialist store team members. Sales for the year ended 28 March
2016 were GBP244.0m.
--Naked Wines - Funds independent winemakers to make exclusive
wines at preferential prices which we pass onto customers. Naked
Wines currently has 152 winemakers in 14 countries and 301,000
Mature Angels (Customers). Sales for the full year ended 28 March
2016 were GBP104.3m (GBP102.5m of this was post acquisition).
--Majestic Commercial - A specialist on-trade supplier who aims
to support businesses to make their wine lists more profitable,
with the unique advantage of running their supply chain through
Majestic Retail stores. Sales for the year ended 28 March 2016 were
GBP45.6m.
--Lay and Wheeler - A Specialist fine wine merchant. Lay &
Wheeler aims to be a trusted guide for people who love fine wine,
supplying the world's finest wines with a personal service. Sales
for the year ended 28 March 2016 were GBP10.0m.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAQVLFBQDFBBBV
(END) Dow Jones Newswires
July 11, 2016 02:00 ET (06:00 GMT)
Majestic Wine (LSE:MJW)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Majestic Wine (LSE:MJW)
Historical Stock Chart
Von Sep 2023 bis Sep 2024