Majestic Wine has said that it is preparing for 2015 to be “a year of increased investment” after reporting a 1.4% rise in sales despite a “challenging” financial year. Although like-for-like sales in the UK fell 0.1% in the 52 weeks ended March 31st, market share increased 0.1% to 4.2%.

Highlights included a significant increase in sales of Rosé from Provence up 84%, (where Majestic now holds 47% of market share) and Malbec from Argentina, Chile and France up 50%.

Commenting on the results Steve Lewis, chief executive, said: "Majestic made good operational progress in the last year and despite the difficult trading environment delivered a solid performance. 2015 will be a year of increased investment for Majestic to ensure that we have the right infrastructure to maximise on our long term opportunities for future growth."