Fine wine sales lift Majestic

16 June, 2008

A 25 per cent rise in fine wine sales helped Majestic to boost profits for its full-year, the group has announced.

Majestic sales and pre-tax profit rose three per cent to 197m and 16.7m respectively for the 12 months ended March 31st, the wine warehouse chain said on Monday.

Leading the performance was strong growth in fine wine sales, which Majestic said now made up around four per cent of the UKs retail wine purchases.

The group plans to put fine wine display areas in a further 10 stores this year, bringing the total to 55.

Average spend on a bottle of wine was also up, something the industry as a whole will welcome as it contends with duty rises and a wavering economy.

Majestic said average spend per transaction rose eight per cent to 133. The average bottle price of still wine purchased increased to 5.98 from 5.75 last year.




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Talking terroir

When Bordeaux was in fashion, it seemed almost logical that we should fetishise winemakers. Here were people responsible for brilliant acts of blending, across large estates and multiple grape varieties, including superstars such as cabernet sauvignon and merlot. These days, fashion has moved on and pinot noir is ascendant. As a result, the star of the winemaker has fallen and we find ourselves following a new star in the sky: terroir.

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