Home Business NewsBusiness Naked Wines sales rise amid Covid online boom

Naked Wines sales rise amid Covid online boom

by LLB Editor
11th Jun 21 12:41 pm

Naked Wines has reported a 68% surge in sales over the past year, new figures show.

The company’s total sales increased by 68% to £340m in the year to 29 March, driven by the US, where there was 78% revenue growth. The US is Naked Wines’ single biggest market, with sales of £161m, accounting for 48% of total revenues.

“It is clear to us that the pandemic has served to underscore the value of our business model in connecting winemakers and consumers directly and proven the opportunity before us,” said Nick Devlin, the chief executive of Naked Wines.

“Naked now stands at an inflection point with outstanding growth potential ahead,” Devlin said.

 

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