A new strategic plan from Naked Wines has been announced by the online retailer, including the aspiration of reaching £10-15m annual earnings before earnings before interest, taxes, depreciation and amortisation (EBITDA) in the medium term.
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Virgin Wines, one of the UK’s leading online wine retailers, has announced a new growth strategy which aims to increase the company’s yearly revenue to £100m within five years. This would represent a substantial increase as the retailer's revenue for the 2024 financial year stood at £59m.
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Online wine retailer Virgin Wines has launched a bespoke Vineyard Collection range, each made from a blend of the company’s own vines from across five regions.
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Virgin Wines has announced a positive trading update for the six months to 29 December, with year-on-year revenue growth and significant increase in profitability part of the online wine retailers’ H1 2024 performance as it redoubled efforts to pick up new subscribers.
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Online wine retailer Virgin Wines has maintained much of its lockdown growth thanks to a loyal customer base and subscription model.
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Naked Wines has announced it expects revenue for FY20 to be in excess of £200m, slightly ahead of current consensus.
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