Rowan has made a fantastic start. In a short period
of time he has delved deep into every aspect of the
business and has identified a number of initiatives
which have the potential to restore Majestic Wine to
profitable growth. He brings with him a disciplined
investment approach based on testing new ideas
and analysing how customers respond to them.
The Board believes that now is the right time for
fresh thinking and for trialling new initiatives
however, at this early stage it is impossible to know
which will work and how large and how fast any
return will be. We are fully supportive of the team’s
ongoing strategic review and look forward to sharing
the results with our shareholders in due course.
We are confident that Rowan and the team will
be successful.