UK wine retailer Majestic to buy distributor Enotria&Coe
UK wine retailer Majestic has entered an agreement to acquire local distributor Enotria&Coe.
The financial terms of the deal weren't disclosed.
The purchase will 'accelerate' Majestic's goal 'to become the UK's pre-eminent supplier of wines, beers and spirits', it said.
In a statement, Majestic said it also expected the acquisition to enhance "value, choice and service for its on-trade partners".
Set up in 1972, specialist distributor Enotria&Coe has a portfolio of more than 300 wine producers and over 1,500 spirits distillers. It serves on-trade, off-trade and DTC channels, with its customers including specialist bars, hotels, retailers and fine dining venues across the UK.
Through the deal, Majestic said it had "identified significant potential" to build Enotria&Coe "alongside" its on-trade supplier branch Majestic Commercial.
Majestic CEO John Colley said Enotria&Coe was "a business we have competed against and admired for a long time, with a quality proposition and cultural values that align very closely with what we already do at Majestic".
He added: "We believe this is a compelling strategic combination and can see huge potential to further enhance Enotria's proposition and profitability as part of the Majestic group."
Both companies will continue running "as standalone businesses" following the transaction.
Julian Momen, Enotria&Coe's CEO, said: 'This combination is fantastic news for Enotria&Coe colleagues, customers, our business and our future growth ambitions. From the initial approach and subsequent discussions with Majestic, it has been obvious to me that there is much to admire in their business and their growth. More importantly, we have a similar business ethos, and our behaviours and focus on people means that we are fully aligned on building a successful business together for the benefit of customers and suppliers.'
Majestic, bought by US-based investor Fortress Investment Group in 2019, runs 212 retail stores in the UK and Jersey, having opened 22 new outlets since it was acquired.
It is looking to increase the size of its portfolio and Majestic Commercial division by 2030.
Last April, the business acquired local wine bar chain Vagabond Wines as it looked to reach a younger demographic of wine drinkers.
"UK wine retailer Majestic to buy distributor Enotria&Coe" was originally created and published by Just Drinks, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Saks Global says it's back on track with vendors, won't close stores
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Saks Global has mostly smoothed things over with vendors and has no plans to close stores, CEO Marc Metrick told BMO Capital Markets analysts at a recent meeting, according to a Friday client note. The analysts led by Managing Director Simeon Siegel said this suggests 'they are already in the best locations and like their existing fleet.' That includes 33 Saks Fifth Avenue stores, 86 off-price Saks Off 5th stores, 36 Neiman Marcus stores, five off-price Neiman Marcus Last Call stores and Bergdorf Goodman's Manhattan flagship. The luxury department store conglomerate didn't immediately respond to an email asking whether this means the downtown Neiman Marcus store in Dallas will remain open beyond 2025 after all. Earlier this year, after announcing that iconic store would close March 31, the company waged a weeks-long battle with city leaders who worked to save it. Ultimately Saks Global agreed to keep the store running through the holidays. The breakdown in relationships with suppliers stemmed from chronic issues with late payments. An unconventional payment plan devised earlier this year signaled to some analysts that the company was struggling to meet its obligations. Metrick told BMO that most vendors agreed to the terms and that Saks Global 'is making progress on outstanding balances.' The company in recent days picked up $350 million in financing commitments that analysts have said likely rescued its ability to stock up for the holiday. Speaking with BMO, Saks executives 'expressed confidence in their liquidity,' on the way to realizing its five-year goal of $600 million in synergies, with $285 million in run-rate synergies by the end of this fiscal year. That five-year target is about $100 million higher than the original target, and the 2025 run-rate is nearly doubled, per BMO. 'While acknowledging macro volatility, Metrick expressed clear excitement and confidence in his long-term business opportunities, the luxury business at large, and expressed confidence in their liquidity and vendor relationships,' Siegel said in the Friday note. Luxury brands may be less optimistic about Saks, however, according to a report from HSBC Global Research analysts led by Erwan Rambourg. New York City-based luxury brand managers have just two major concerns, they found: 'how the well-publicised financial travails of Saks Global will end and the end game for tariffs.' 'The outlook otherwise seems solid,' Rambourg said in emailed comments Thursday. Saks Global appears to be banking on a healthy recovery for luxury consumers — who by Saks' own measure seemed quite agitated earlier in the year — as well as on the strength of the luxury market longer term. BMO cited more up-to-date research from Saks, which found that a third of its customers making $200,000 or more are less confident about the economy in general but more confident about their own situation. These consumers are concerned about the social/political climate above all, then a recession and stock market volatility, per that report. At least for the moment, the stock market is leaning their way, and therefore in Saks Global's favor. In May and June, U.S. equity markets have broadly recouped earlier losses, according to HSBC. 'Of course there are other topics dominating headlines in the US at present, but it seems that luxury consumers are driven more by short-term measures of wealth, such as the value of their 401k pension plans,' Rambourg said. Tariffs and higher prices are not top worries for Saks' customers, per its research. BMO analysts estimate that about 80% of its goods come from Europe, and Saks Global told them that high-single digit percentage price hikes, which they characterized as 'normal,' would mostly offset increased import levies. Recommended Reading Beyond to acquire Kirkland's IP for $5M — and plans to license it back Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
One Booz Allen Hamilton Holding Insider Raised Their Stake In The Previous Year
Insiders were net buyers of Booz Allen Hamilton Holding Corporation's (NYSE:BAH ) stock during the past year. That is, insiders bought more stock than they sold. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. The Independent Director Joan Lordi Amble made the biggest insider purchase in the last 12 months. That single transaction was for US$294k worth of shares at a price of US$147 each. That means that even when the share price was higher than US$103 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Joan Lordi Amble was the only individual insider to buy shares in the last twelve months. Joan Lordi Amble purchased 3.62k shares over the year. The average price per share was US$143. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! View our latest analysis for Booz Allen Hamilton Holding There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Booz Allen Hamilton Holding insiders own 1.6% of the company, worth about US$209m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. There haven't been any insider transactions in the last three months -- that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. It would be great to see more insider buying, but overall it seems like Booz Allen Hamilton Holding insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for Booz Allen Hamilton Holding (1 is a bit unpleasant!) and we strongly recommend you look at these before investing. But note: Booz Allen Hamilton Holding may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
ExlService Holdings (NASDAQ:EXLS) Is Very Good At Capital Allocation
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in ExlService Holdings' (NASDAQ:EXLS) returns on capital, so let's have a look. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for ExlService Holdings, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.20 = US$281m ÷ (US$1.7b - US$244m) (Based on the trailing twelve months to March 2025). Thus, ExlService Holdings has an ROCE of 20%. That's a fantastic return and not only that, it outpaces the average of 14% earned by companies in a similar industry. View our latest analysis for ExlService Holdings Above you can see how the current ROCE for ExlService Holdings compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering ExlService Holdings for free. The trends we've noticed at ExlService Holdings are quite reassuring. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 20%. Basically the business is earning more per dollar of capital invested and in addition to that, 42% more capital is being employed now too. So we're very much inspired by what we're seeing at ExlService Holdings thanks to its ability to profitably reinvest capital. A company that is growing its returns on capital and can consistently reinvest in itself is a highly sought after trait, and that's what ExlService Holdings has. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue. ExlService Holdings does have some risks though, and we've spotted 1 warning sign for ExlService Holdings that you might be interested in. If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
