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Majestic wants to open 76 new UK stores

Majestic Wine is stepping up its expansion plans with a target wish list of 76 new stores across the UK. The retailer has opened new shops… View Article

FOOD AND DRINK NEWS UK

Majestic wants to open 76 new UK stores

Majestic Wine is stepping up its expansion plans with a target wish list of 76 new stores across the UK.

The retailer has opened new shops in Haywards Heath and Godalming in the south east of England in the past month and is now eyeing further UK locations despite a surge in costs.

John Colley, chief executive of Majestic, said: “Responding to consumer demand, we’ve opened two new stores this month, but we aren’t stopping there.

“In addition to new stores already in our pipeline, we’ve got our eye on a further 76 potential locations across the country and are calling on the UK’s wine lovers to help us find sites so we can offer more people a place to discover new wines, beers and spirits with guidance from our expert staff.”

Majestic was acquired by Fortress Investment Group  in 2019 for £95 million. It currently has 201 shops across the UK.

The company has also reinstated tasting counters in its stores to enable customers to test out new wines. These had been removed under its previous ownership.

Looking ahead, Colley added: “None of us have a crystal ball, but we remain optimistic despite tighter consumer budgets as wine is still something people want to enjoy and savour.

“Customers are returning to physical stores with enthusiasm, seeking out the advice of our expert staff to discover the real value in their wine choices.”

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