Naked Wines
This coverage analyses Naked Wines’ evolving strategy and performance within the UK retail sector. Reporting includes leadership changes, financial results, marketing initiatives, and customer engagement efforts — all examined for their impact on sales, profitability, and market positioning. The content is tailored for retail executives, brand managers, and professionals overseeing operations in the online wine retail industry.
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Nov- 2020 -19 NovemberNews
Naked Wine revenue soars 80% in H1
Naked Wines saw revenues soar by 80% to £157.1m in the half-year ended 28 September 2020. The group also reported a narrower adjusted pre-tax loss of £3.2m, against a loss of £4.5m reported the prior year. It noted that the reduction was achieved despite a “substantial” uplift in investment in…
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Aug- 2020 -7 AugustCoronavirus
Naked Wine hails ‘strong’ sales performance
Naked Wines has announced it is continuing to “trade strongly” despite the crisis, with total July sales expected to be up by 73% against the prior year. This would bring its sales growth in the first four months of the financial year to 76%, overall. According to the retailer, this…
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Jul- 2020 -24 JulyOnline & Digital
Naked Wines chairman to step down
Naked Wines chairman, John Walden, has announced he will step down from the position. Walden has informed the board of his intention to step down as chairman of the group and leave the board after the Annual General Meeting (AGM) on 6 August due to “personal reasons”. Walden said: “It…
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Jun- 2020 -24 JuneCoronavirus
Naked Wines reports £200m revenues in FY results
Naked Wines has reported a 14% increase in revenues to £203m for the full-year period ended 30 March, up from £178.4m the previous year. The company also revealed that losses before tax also reduced to £5.4m, compared with £10m in 2019. Naked Wines said the outbreak of the coronavirus pandemic…
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Apr- 2020 -9 AprilOnline & Digital
Naked Wines forecasts £200m rise in sales amid coronavirus pandemic
Wine specialist Naked Wines has reported “good momentum” in its performance as it forecasts a £200m rise in its full-year revenues amid the coronavirus pandemic. The company, which operates internationally, said it has seen “strong demand” for its products through its online channel and has invested aggressively in new customer…
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Dec- 2019 -11 DecemberOnline & Digital
Naked Wines completes £95m Majestic Wine disposal
Naked Wines has confirmed it has completed the £95m sale of Majestic Wines to the US-based Fortress Investment Group. The deal will see Majestic Wine Warehouses Limited and Les Celliers de Calais S.A.S, which together comprise the Majestic retail and commercial business, keep all 190 stores open. Under its previous…
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11 DecemberDepartment Stores
Debenhams appoints John Walden and Kevin Conroy as non-executive directors
Department store Debenhams has appointed John Walden and Kevin Conroy as non-executive directors of Celine Jersey Topco, the parent company of the Debenhams Group. Walden is currently chairman of Naked Wines (formerly known as Majestic Wine plc) and was previously held the position of chairman at Holland and Barrett International.…
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Nov- 2019 -21 NovemberOnline & Digital
Naked Wines appoints Nick Devlin as new chief executive officer
Online subscription wine retailer, Naked Wines, has appointed Nick Devlin as chief executive officer. Currently the chief operating officer, Devlin has been confirmed for the position of CEO after Rowan Gormley announced he will depart his position once the Christmas trading season is over. Gormley founded Naked Wines in 2008,…
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Oct- 2019 -16 OctoberComment
DTC: The future of retail?
Retail sales in August this year fell to the lowest rate since the 2008 financial crash, and many retailers are struggling as a result. Manufacturers will also be worried as they are irreversibly linked to retailers, and as news of store closures becomes ever-more frequent, it may be time for…
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Aug- 2019 -2 AugustM&A
US investment firm acquires Majestic Wine in £100m deal
Majestic Wine has entered into an agreement to sell its commercial and retail business to CF Bacchus Holdings Limited, a vehicle controlled by funds managed by Fortress Investment Group, in a deal worth around £95m. A separate sale of one freehold property previously owned by MWWL to an independent third…
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