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Company type | Private Company |
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Industry | Wine retailing |
Genre | Liquor firm |
Founded | 1980 |
Founder | Sheldon Graner |
Headquarters | Watford, England, UK |
Number of locations | 200 |
Area served | United Kingdom |
Key people | John Colley, CEO |
Products | Wine, champagne, spirits |
Services | Glassware hiring, wine tasting, delivery service from local stores |
Revenue | £382.5m (12 months to 28/Mar/2022) |
£24.8m (12 months to 28/Mar/2022) | |
Owner | Fortress Investment Group |
Number of employees | 1,350 |
Website | www |
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 across the United Kingdom. [2]
Majestic Vintners was founded by Sheldon Graner in 1980. Prior to Majestic Vintners, Graner gained work as a merchandiser with the John Lewis group. [3] The initial design logo for the company was based on a definitive set of King George V postage stamps of 1929. During the 1970s, laws regarding selling alcohol were restrictive in the United Kingdom. Majestic Vinters offered wine tastings and sold wine by the case to comply with the laws. [3]
Graner opened his first wine warehouse in Harringay, North London, in 1980, hiring Tony Mason to manage the day-to-day running of the store. A second shop launched in Battersea in May 1981. A few months later, the group called in receivers and Majestic's assets were bought by Giles Clarke. [4]
In August 1987, Majestic acquired Liquor Barn, a chain of 104 stores in California and Arizona, as part of its US expansion plans. [5] Following the disposal of the American business, Majestic Wine was sold for £15 million to investors in 1989.
In 1986, Tony 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 January 1989, Mason and partners John Apthorp (now retired) and Tim How (CEO until 2008) bought Wizard Wine from the heavily indebted Iceland. In September 1991, Wizard Wine purchased Majestic Wine in a leveraged buyout, and merged as a private company. [6] Headquartered in Watford, Hertfordshire, under the leadership of Tim How, Majestic Wine became a public company in 1996, trading on the Alternative Investment Market (AIM).[ citation needed ] [1]