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Naked Wines CEO describes how the group has built a 'better, stronger business' in 2021 FY results

Naked Wines PLC (LON:WINE) CEO Nick Devlin tells Proactive it has built a builds 'better, stronger business' as it plans to invest and intensify its focus in the lucrative $20B US market, building on strong sales momentum in the past year.

The online wine retailer increased sales 68% to £340.2M in the year to 29 March as people developed a taste for its wine subscription model amid the Coronavirus (COVID-19) pandemic-driven shift to online shopping. Devlin says with continued good trading in the first two months of the new period, with total sales up 8% year on year on a constant currency basis and repeat customer sales growing over 30%, the company gave guidance for total sales for the year of £355-£375M.

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Price: 741 GBX

Market Cap: £544.18 m

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Naked Wines PLC snags a slew of trophies at the Decanter World Wine Awards 2021

Naked Wines PLC (AIM:WINE, OTCQX:NWINF, FRA:MWJ) (LON:WINE) (OTCQX:NWINF) (FRA:MWJ) VP of Planning, Procurement & Customer Experience Lucy Devlin tells Proactive the group has won a record set of accolades at the Decanter World Wine Awards 2021, the world’s largest wine...

on 5/8/21

2 min read