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Majestic Wine to buy Naked Wines for 70 mln stg, appoints new CEO
Fri, 10th Apr 2015 06:27
April 10 (Reuters) - British wine retailer Majestic Wine Plc said it will buy Naked Wines International Ltd for 70million pounds ($102.89 million) and that it has appointed RowanGormley as chief executive.
Rowan Gormley is the founder and CEO of Naked Wines.
He replaces Steve Lewis, who stepped down as chief executivein February.
Majestic Wine also said it expects an adjusted pre-taxprofit of about 21 million pounds for the year ended March 31.It reported a profit of 23.8 million pounds last year.($1 = 0.6804 pounds) (Reporting by Aastha Agnihotri in Bengaluru; Editing by AnupamaDwivedi)
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