Majestic Wine

Majestic Wine plc

Type	Public company (AIM:MJW)
Industry	Wine retailing
Founded	1980
Founder	Sheldon Graner
Headquarters	Watford, United Kingdom
Number of locations	211 in UK; 2 in France
Key people	Rowan Gormley, CEO
Revenue	£284.5m (12 months to 30/Mar/2015)
Net income	£18.4m (12 months to 30/Mar/2015)
Subsidiaries	Majestic Wine Warehouses Ltd, Lay & Wheeler Ltd, WBI Ltd and Vinotheque Holdings Ltd, Naked Wines International
Website	http://majestic.co.uk/

Majestic Wine plc is the United Kingdom's largest specialist retailer of wine. The group's operating companies include:

Majestic Vintners was founded by Sheldon Graner in 1980. Graner gained his experience as a merchandiser with the John Lewis group, and coupled this with his passion and hobby as a wine broker/trader to set up Majestic. He called the business 'Majestic' after his other passion, collecting early UK postage stamps, especially those of Kings Edward VII and George V. The initial design logo for the company was based on a definitive set of King George V postage stamps of 1929

In the late 1970s, wine could only be bought through off licences or specialist wine retailers, usually in city centres, and only during limited hours. Using his merchandising expertise, Graner conceived the idea of selling wine throughout the day via a warehouse, with a minimum purchase of 12 bottles (1 case) to comply with licensing laws at the time. Another innovation was that individual wines could be tasted before buying.

Graner opened his first wine warehouse in Harringay, North London, in 1980, under the management of Tony Mason, brought in by Graner to manage the day-to-day activities. The second store was opened in Battersea in May 1981. In mid-1981, the group called in receivers, and was bought by investment banker Giles Clarke, where as Chairman Clarke built it into a UK national chain. From August 1987 to May 1988, Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona. Following disposal of the US-based businesses, Clarke sold the UK plc business of Majestic Wines for £15 million in 1989 to investors, and went on to form Pet City.

In 1986, Mason set up Wizard Wine under the same concept, which in 1987 was purchased by retailer Bejam. After Bejam was purchased by rival Iceland in 1989, Mason and partners John Apthorp (now retired) and Tim How (CEO until 2008) bought Wizard Wine from the heavily-indebted Iceland. In 1991, Wizard Wine purchased Majestic Wine PLC in a leveraged buyout, and merged under the Majestic Wine Warehouses brand as a private company.