Lockdown benefited Naked Wines via an 81 per cent uplift in sales for the months of April & May.
For the financial year ended March 2020, it had generated £202.9 million in revenues and reduced its losses before tax from £10 million in the year prior to £5.4 million. In August 2019 it had sold Majestic Wine and Les Celliers de Calais and since December had become a fully online trading company.
“I’m delighted to report a strong set of results to conclude a year of transition for Naked Wines,” commented CEO Nick Devlin. “We’re ending the year with great momentum behind our growth plans and a simplified, well capitalised online pureplay model that is ideally suited to the current climate.”
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