Virgin Wines has reported pre-tax profit of just £100,000 in the six months to December 31, a fall from £3.2 million in the corresponding period…
Virgin Wines has reported pre-tax profit of just £100,000 in the six months to December 31, a fall from £3.2 million in the corresponding period…
Naked Wines has indicated it is on the road to recovery after issuing improved profit guidance on the back of what it called a “solid” Christmas trading period. The company issued a profit warning last June that saw its share price tumble, and later outlined a shift in strategy, from rapid growth through the acquisition of new customers to better profitability from repeat ones accompanied…
Online retailer Virgin Wines has signalled an increase in active customers and a stronger customer acquisition rate than expected, despite an overall decrease in group revenue. As part of its full-year results to July 1, 2022, Virgin said overall group revenue declined to £69.2 million compared to £73.6 million in FY21. However, revenue remained 63% above 2019 levels, with profit before tax (£5.1 million)…
Bordeaux Index has noted a 37% increase in revenue for the first half of the fiscal year, compared to the same time period in 2021. The wine merchant attributed the majority of the “record growth” to its online platform LiveTrade, which registered a 53% rise in sales compared to the six months to June 30, 2021. On average, fine wine market prices were up…
Berkmann Wine Cellars is launching a new initiative to deliver wine direct to customers, while also donating a portion of the profits to help the hospitality sector. The company is launching “Help 4 Hospitality” campaign, which it described as “a groundbreaking initiative to deliver wine to consumers while donating a share of revenue to the hospitality industry during the pandemic”. The online platform, Help 4…
ABInbev has said its UK business grew in revenue “by high single digits” in 2019, driven by strong performances from its global brands and craft portfolio. Paula Lindenberg, president for UK & Ireland, Budweiser Brewing Group, said: “It has been a significant year for us as we moved our head office to central London and rebranded to Budweiser Brewing Group UK&I, using…
Diageo GB has appointed a new sales director for the UK’s off-trade sector. James Halliday will take up the role of off-trade sales director from September 1, 2019. He will move from his current role as revenue & category growth director at Beiersdorf, and he has previously held roles at Mondelez and Johnson and Johnson. Halliday replaces Guy Dodwell, who left Diageo last summer to…
Popular gin brand Brockmans has continued its upward march by securing a listing at 274 Co-op stores across the UK. The brand was widely written off by cocktail writers upon launch, as it was totally different to anything on the market and they claimed it was doomed to fail. But it has just celebrated its 10th anniversary and revenue is up 35% year-on-year to £4.7…
