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Majestic Wine saw around nearly one-quarter of its stock market value wiped off after warning over profits.
The wine warehouse retailer alerted over full-year earnings after taking a hit from a failed marketing campaign for its Naked Wines business in America and weak sales to business customers.
Majestic Wine said it is reviewing its commercial arm, which supplies wine to businesses, after seeing sales growth flat-line and profit margins come under pressure as the first half of the year proved "even more challenging".
Earnings in the division could be around £2 million lower than expected, Majestic cautioned.
Shares finished 24 per cent lower at 330p.
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