Naked Wines (WINE)

Sector:

Retailers

Index:

FTSE AIM All-Share

217.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 318.00
  • 52 Week Low: 213.00
  • Currency: UK Pounds
  • Shares Issued: 72.87m
  • Volume: 17,406
  • Market Cap: £158.50m

Majestic Wine considers sale of retail business

By Sean Farrell

Date: Tuesday 21 May 2019

LONDON (ShareCast) - (Sharecast News) - Majestic Wine said on Tuesday that it is considering the sale of its retail business as the wine merchant rebrands as Naked Wines.
Responding to press reports, Majestic said it had received several expressions of interest in its retail and commercial operation. A sale of the business is one of the options being pursued, it added.

Majestic said: "The group continues to review all options and there remains no certainty that the sale of Majestic retail will proceed nor as to the terms upon which any disposal would take place."

A sale would mark a break from the past for Majestic, which started selling wine by the case from a warehouse in North London in 1980 and grew to become Britain's biggest independent wine retailer. The company has more than 200 stores, including two in France.

After a run of disappointing results, Majestic bought Naked Wines in 2015 and installed its boss, Rowan Gormley, as its chief executive. Gormley set about improving stores and computer systems but in March he surprised analysts by announcing plans to rebrand the company as Naked Wines, close stores and sell assets.

In April Sky News reported that Majestic had appointed investment bankers to look for potential buyers for the retail and commercial business and that private equity firms were being sounded out.

Majestic shares rose 3.1% to 274.2p at 1015 BST.



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Naked Wines Market Data

Currency UK Pounds
Share Price 217.50p
Change Today -2.50p
% Change -1.14 %
52 Week High 318.00
52 Week Low 213.00
Volume 17,406
Shares Issued 72.87m
Market Cap £158.50m

Naked Wines Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
69.98% below the market average69.98% below the market average69.98% below the market average69.98% below the market average69.98% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Income Not Available
Growth
51.6% below the market average51.6% below the market average51.6% below the market average51.6% below the market average51.6% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Naked Wines Dividends

  Latest Previous
  Special Interim
Ex-Div 24-Dec-19 29-Nov-18
Paid 15-Jan-20 21-Dec-18
Amount 5.20p 2.00p

Trades for 23-Jan-2020

Time Volume / Share Price
11:53 60 @ 217.50p
11:37 908 @ 217.50p
11:37 258 @ 217.00p
11:37 420 @ 217.00p
11:37 439 @ 217.00p

Naked Wines Key Personnel

CFO James Crawford
Chair John Walden
CEO Nicholas Devlin

Top of Page