Layandwheeler
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In addition to this, the business benefits from an exceptionally loyal customer base, with members staying with the business over decades, as well as high income individuals who purchase on an ad-hoc basis. In , new management was introduced to reinvigorate the brand under the leadership of Managing Director Katy Keating, which has seen the business expand, offer additional services and increase sales by over a third. Earlier this year, Majestic Wine, which acquired Naked Wines in , a deal on which Cavendish advised, sold its retail arm to US private equity firm Fortress and re-branded solely as Naked Wines. Cavendish has extensive experience in the drinks sector. The most recent high-profile deal in which it was involved, through its membership of global adviser group Oaklins, was advising Irish artisan roasted coffee producer Java Republic on its merger with Spanish coffee group Cafento. It was a great pleasure to work with the Cavendish team again having originally worked with them when we sold Naked Wines to Majestic Wine in
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Turnover at the fine wine business increased by The directors said that despite the instability of the year due to the Covid pandemic, the company had delivered a strong performance, and had operated without external support during the pandemic ie, no government money or furlough payments. However, it anticipated challenging conditions ahead on the back of the unstable climate which had been seen in Europe in , as the business was exposure to the vagaries of the weather in France, due to its dependence on Burgundy and Bordeaux en primeur. It looks like you're in Asia, would you like to be redirected to the Drinks Business Asia edition? Yes, take me to the Asia edition No. This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Layandwheeler
Since being sold by Naked Wines two years ago, Lay and Wheeler has focused on strengthening its team and fine wine offering. One of the biggest changes has been in the focus the company has put on bolstering its team. One of the big areas of change happened in , when all wines for sale on the site — whether sold en primeur or ready to drink — were available by the single bottle. This has helped make en primeur more accessible, and enable more customers to start building their wine collection — as well as boosting sales on all sides. Another key plank of its investment is the new state-of-the-art 75, square feet warehouse. As well as boosting services for clients, from an ops point of view, it will give the company far greater flexibility over its own operations, Keating explains.
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Earlier this year, Majestic Wine, which acquired Naked Wines in , a deal on which Cavendish advised, sold its retail arm to US private equity firm Fortress and re-branded solely as Naked Wines. You've rejected analytics cookies. We use cookies to offer you a better experience, analyse site traffic, and serve targeted advertisements. We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. Close X Get in touch. Confirmation statement Next statement date 6 March due by 20 March Last statement dated 6 March We will be in touch soon There was an error with the form. Please check and try again. Thank you. By continuing to use this website, you consent to the use of cookies in accordance with our Privacy Policy.
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Skip to main content. We use cookies to make our services work and collect analytics information. It was a great pleasure to work with the Cavendish team again having originally worked with them when we sold Naked Wines to Majestic Wine in Follow this company File for this company. Accounts Next accounts made up to 31 March due by 31 March Last accounts made up to 28 March You can change your cookie settings at any time. Please check and try again. What can we help you achieve? You've rejected analytics cookies. Thank you.
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