Majestic appoints Dutch DIY boss as new MD
Majestic has appointed a former CEO of a Dutch DIY retailer to head up its wine retail business.
John Colley, who has twenty years retail experience outside the wine industry, is set to join the business from 1 October. He will be responsible for all Majestic stores, including its warehouse outlet in Calais and report directly to CEO Rowan Gormley.
However, the company confirmed there was there would be no change to its current strategy.
Colley joins Majestic from Dutch DIY chain Praxis Netherlands, where he was CEO, with responsibility for 135 stores across the Netherlands. He has previously worked for Kingfisher, DIY and gardening chain B&Q as marketing director, and commercial director at trade tools and hardware warehouse retailer, Screwfix.
The company reported a fall in pre-tax profits of 22.5% in June, its first results since buying Naked Wines, which it attributed to exceptional one-off costs related to the deal, and a competitive trading environment. It reported revenue up 2.3% to £284.5m, with share at its highest level and like for like sales also up 1.9%.