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Majestic Wine is a British wine retailer based in Watford, England. [1] The company employs more than 1,300 employees nationwide, and operates more than 200 stores ...
In December 2019, The Majestic portion of the business, including stores and branding, was sold to private equity firm Fortress Investment Group. Majestic Wines plc was renamed Naked Wines plc. [11] In effect, the previous shareholders of Majestic became the new shareholders of Naked Wines. Naked Wines is a publicly listed company. [12]
Naked Wines was launched in the US and Australia in 2012. [5] On 10 April 2015, Naked Wines was acquired by Majestic Wine for up to £70m, and Gormley was appointed CEO of the enlarged group. [6] Gormley announced his transformation plan for Majestic Wine in November 2015 and set the Group a new goal to achieve £500m annual sales by 2019. [7]
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He also co-founded Wizard Wines (now Majestic Wines), a chain of off-licences. [2] It was reported in both 2002 and 2003 (and again in 2009) that the wealth of Apthorp and his family was over £100 million.
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