25 May 2012

People: Alldritt enthuses about wine-loving BMW drivers

06/07/2011 Robert Tyerman

Nigel Alldritt, finance director of Majestic Wine, has a clear image of the company’s customers, and in particular their motoring choices. ‘Prior to the move to selling packs of six bottles [Majestic previously sold its bottles in packs of 12], most of our customers came from the older, BMW and Audi-driving classes. However, we are now getting many younger people’.

Furthermore, while many companies have been plagued by nuisance and under-age drinkers, ‘we are very unlikely to get people that are drunk or under-age attempting to visit our stores’.

Regarding the increasing popularity of its ‘fine wine’ offerings, Alldritt acknowledges it is ‘counter-intuitive’ at a time of austerity. He suggests, ‘With people increasingly choosing to eat at home, we are benefiting from those looking to spend £20 on a good bottle of wine.’

Tags: Audi-driving classes, BMW drivers, Good quality wine, Middle class activities

Companies: Majestic Wine

Achieve impressive returns

Gain instant access to some of the best-performing and fastest growing companies in the small cap arena

Click here

Stocks & Shares ISA

Online tools to make investments easy and low admin fee from The Share Centre. Find out more.

Achieve impressive returns on the go

Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!

Institutional Investors in AIM 2011 - New Report

This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.

Coverage of AIM, techMARK and PLUS Markets

Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.

If you're interested in business tax updates visit our specialist tax guide website.

Growth Company Features, Research and Analysis

In-depth coverage of selected AIM companies within the small-cap and fast growing company sector including AIM and PLUS Markets shares and listed stocks. Company research and analysis from GCI analysts updated daily.

Popular Features

Latest Features

Fund manager focus 21/05/2012

Paul Marriage, who has been investing in small-caps for over a decade, explains to Ellie Duncan how his unique stockpicking strategy has produced consistent returns

Directors’ Dealings 21/05/2012

With a flurry of buys and sells taking place across the junior market, it pays to think carefully about directors’ intentions, says Ben Jaglom

Pick of AIM 21/05/2012

The tricky IPO market over recent years has led to careful vetting by institutional investors. Miles Nolan investigates two impressive newcomers

More Features

Sectors