The acquisition of Naked Wines strengthens this
competitive positioning even further. The addition
of the US and Australian markets increases our
market reach eightfold. Naked Wines’ proven and
successful online capabilities give Majestic additional
expertise to help develop its own better and more
quickly, and Naked Wines’ direct sourcing model
and winemaking knowledge can help further
improve the range Majestic offers.
Looking forward
Although I have only been Chief Executive for ten
weeks, it is clear to me that the enlarged Majestic
Group has excellent future prospects.
However, it is also clear that Majestic Wine had
a period of challenging trading in recent years.
Profit declined last year with growth in online
and commercial sales not enough to offset the
underlying sales decline in the more mature
Majestic stores.