Alcohol retail chain Majestic Wine has been awarded “High Street Chain of the Year” at this year’s International Wine Challenge Merchant Awards.
The awards, considered one of the most prestigious in the industry, celebrate the country’s most successful wine businesses based on a proven business model while delivering world-leading services and wines.
“Winning the IWC High Street Chain of the Year award is an incredible achievement and is especially important as it reflects all the work that has been done this year as part of our transformation plan,” Majestic Wine’s managing director John Colley said.
“We are making brilliant steps in becoming a customer focused business with the best people in the trade and I’d like to not only thank the IWC for recognising how far we have come in this short period of time but also all our people at Majestic for their efforts in putting the customer back at the heart of what we do.”
This comes after a successful turnaround operation, seeing Majestic Wine transform its fortunes.
Following reports of a £4.4 million loss in its half year results last year, the retailer went on to post like-for-like sales growth of 7.5 per cent in the 10 weeks to January 2, its best Christmas performance to date.
It has now embarked on a three-year turnaround plan and is reportedly on track to meet its full year’s expectations.