Wine retailer Majestic are “optimistic” of continued store expansions despite the cost of living crisis and have already opened two new stores this month.
In 2019 Fortress the private equity firm bought the wine retailer for £95m and are looking at potentially 76 new store locations across the UK.
John Colley, chief executive officer of Majestic said, “Responding to consumer demand, we’ve opened two new stores this month, but we aren’t stopping there.
“In addition to the 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 that we can offer more people a place to taste and discover new wines, beers, and spirits with guidance from our expert staff.”
Colley added, “Some retailers are battening down the hatches given the current climate, however history has shown that Majestic is an extremely resilient business.
“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.”