Belfast Telegraph

Wine chain seeks to double outlets

Majestic Wine has celebrated a bigger-than-expected jump in annual profits by setting out plans to double in size over the next 10 years.

The company, which has 165 stores across the UK, said it wanted to expand to at least 330 stores at a rate of 12 a year, after it saw like-for-like sales growth of 5.3% in the last financial year.

Majestic recorded profits of £20.3m in the year to March 28, up 26% from £16m the previous year.