Majestic Wine says it is in advanced discussions to sell its retail and commercial businesses in order to focus on its online Naked Wines service. Chairman Greg Hodder will step down in August and will be succeeded by John Walden, a former director of Home Retail Group. The company’s full-year results show a pre-tax loss of £8.5m, compared to a pre-tax profit of £8.3m in 2018. Revenues increased by 6.3% to £506m.
Majestic Wine Plc (WINE.L) Announced, in its full year results for the 52 weeks ending 1 April 2019, that the revenue rose to £506.14 million from £476.13 million posted in the same period preceding year. The company’s loss before tax stood at £8.49 million, compared to loss of £8.29 million reported in the previous year. The basic loss per share stood at 13.3p compared to earnings per share of 10.9p reported in the previous year. The company’s cash and equivalents stood at £19.09 million. It also announced that due to an increase in other professional commitments, Greg Hodder will step down as Chairman at the conclusion of the AGM in August and will retire from the Board six months later after a period of transition. Further, it announced the appointment of John C. Walden as Non-Executive Director and Chairman Designate.
·Group revenue grew +6.3% to £506.1 m, accelerating as Naked Wines continues to invest in customer acquisition. New customer investment of £19.1 m, an increase of £5.0 m on last year. Repeat customer contribution increased by £6.0 m to £39.8 m with margin improved to 26.1%.
RNS Number: 0357 C Majestic Wine PLC 13 June 2019 Majestic Wine PLC. John has specific expertise in digital and multi-channel consumer businesses and in leading reinvigoration, turnaround and organizational change in established enterprises across the US and UK markets.. Nick has been, and will remain, the President of our US Naked Wines division and is based in...
RNS Number: 8692 B Majestic Wine PLC 11 June 2019. Majestic Wine PLC, today announces that an application has been made to the London Stock Exchange for a block listing of 426,000 ordinary shares of 7.5 pence each in the Company to be admitted to trading on AIM.. These New Ordinary Shares will be issued from time to time in order to satisfy the requirement to allot...
RNS Number: 4442 A Majestic Wine PLC 29 May 2019 TR-1: S tandard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
RNS Number: 6943 Z Majestic Wine PLC 21 May 2019. As announced on 25 March 2019, as part of the Group Transformation Plan, the Group continues to explore methods of releasing capital from its Majestic Retail and Commercial business to accelerate the growth of Naked Wines, with this release of capital to be explored through a range of potential options.
RNS Number: 6862 Z Majestic Wine PLC 21 May 2019 BLOCK LISTING SIX MONTHLY RETURN. Information provided on this form must be typed or printed electronically and provided to an ris.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5432 Z Majestic Wine PLC 20 May 2019 Majestic Wine PLC. Majestic Wine plc is pleased to announce that Katrina Cliffe is joining the Board as an Independent Non-Executive Director as of today. Katrina is currently a Non-Executive Director of London and Country Mortgages Limited, HomeServe plc, Cembra Money Bank AG and Shop Direct Finance Company..
RNS Number: 5797 X Majestic Wine PLC 01 May 2019 Majestic Wine PLC. In line with the Financial Conduct Authority's Disclosure and Transparency Rules, Majestic Wine PLC announces that as at today's date, the Company's total issued share capital is 72,149,765 ordinary shares of 7.5 p each.. RNS is approved by the Financial Conduct Authority to act as a Primary...
RNS Number: 3581 V Majestic Wine PLC 07 April 2019 TR-1: Standard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
RNS Number: 6959 U Majestic Wine PLC 01 April 2019 Majestic Wine PLC. In line with the Financial Conduct Authority's Disclosure and Transparency Rules, Majestic Wine PLC announces that as at today's date, the Company's total issued share capital is 72,137,402 ordinary shares of 7.5 p each.. RNS is approved by the Financial Conduct Authority to act as a Primary...
RNS Number: 2395 U Majestic Wine PLC 27 March 2019 TR-1: Standard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
RNS Number: 0931 U Majestic Wine PLC 26 March 2019 TR-1: Standard form for notification of major holdings. i Please note that national forms may vary due to specific national legislation as for instance the applicable thresholds or information regarding capital holdings.. Indicate in the relevant section whether the issuer is a non UK issuer..
RNS Number: 9445 T Majestic Wine PLC 25 March 2019 TR-1: Standard form for notification of major holdings. Please send the completed form together with this annex to the FCA at the following email. Indicate in the relevant section whether the issuer is a non UK issuer..
Majestic Wine has announced a “group transformation plan” to rename itself Naked Wines and close some stores to focus more on its online and international operations. Majestic plans to step up annual investment in Naked Wines by £6m to £26m, funded by asset sales and store closures. The group says online sales already account for nearly 45% of revenues, while one-fifth of all sales are international. It sees significant growth potential abroad, particularly in the US, claiming, “we are now moving towards the next phase of the group’s evolution in which we will tightly focus on the significant Naked growth opportunity,” it adds.
RNS Number: 8057 T Majestic Wine PLC 25 March 2019 For Immediate Release 25 March 2019. We expect to achieve our £500 m sales target in the financial year ending 1 April 2019 with Group adjusted profit before tax for the year expected to be around the current consensus level 1.. £6 m per annum to £26 m in FY20, up from the current level of c.
RNS Number: 1846 N Majestic Wine PLC 16 January 2019 Majestic Wine PLC. Grant of awards under existing long term incentive plan. On the 15 th January 2019 the Company issued conditional awards and nil-cost options over 69,675 Ordinary Shares of 7.5 pence each under its long term incentive plan to 92 new employees and to employees who have changed roles in the...
RNS Number: 0562 N Majestic Wine PLC 14 January 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Majestic Wine says in a Christmas sales statement that underlying sales grew by 6.8% in the ten weeks to December 31. It says the period was “more challenging than expected” for its retail operations, where sales increased by 1.5%. Gross profit margins at its retail operations were 1.2 percentage points lower in a “very price promotional market”. However, the group expects to report full-year adjusted pre-tax profits “broadly in line” with current market consensus forecasts.
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