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Share Price: 61.50
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Change: -0.20 (-0.33%)
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Open: 60.80
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Majestic Wine crowdfunding platform achieves £100m annual sales

Tue, 22nd Mar 2016 16:37

(ShareCast News) - Wine crowdfunding platform Naked Wines was eyeing up an exceptional financial year on Tuesday, breaking through the £100m annual sales barrier for the first time.The AIM-traded Majestic Wine, which owns and operates the Naked platform, said the milestone had been achieved since the start of the current financial year on March 31 2015.It had been on a drive to recruit 'angel' customers by providing direct access to independent winemakers through divisions in the UK, US and Australia, and now had more than 300,000 'mature angels', who had supported winemakers through Naked for at least four months.The achievement was in line with market expectations for the year ending 28 March, the company's board confirmed."Hitting this latest milestone proves once again that crowd-funded, social wine distribution can deliver brilliant outcomes for all our stakeholders at the same time - from those who pick the grapes to those who discover and drink our wines," said Majestic Wine chief executive Rowan Gormley."We'd like to thank our angels for being part of the Naked Wines' journey so far and supporting independent winemakers whilst discovering some fantastic wines," he added."We will continue to invest in Naked Wines and remain very excited about the opportunities ahead for the whole group."
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21 May 2024 14:05

Naked Wines looks on bright side despite revenue slump

(Alliance News) - Naked Wines PLC shares rose on Tuesday, as it said it expects annual revenue to be in line with guidance and leave it with a "strengthening platform" despite a "challenging year".

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21 May 2024 11:23

Naked Wines FY earnings seen at higher end of previous guidance

(Sharecast News) - Online wine retailer Naked Wines said on Tuesday that full-year earnings would likely be at the higher end of previous guidance as it continues to make efforts to become "leaner and stronger".

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2 Apr 2024 15:16

Naked Wines confirms start-of-year management changes

(Sharecast News) - Naked Wines confirmed the appointment of Rodrigo Maza as group chief executive officer on Tuesday, as it entered its 2025 financial year.

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2 Apr 2024 12:26

EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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20 Mar 2024 13:47

Naked Wines shares up on "constructive" financing talks

(Alliance News) - Naked Wines PLC shares rose on Wednesday, after it said it has had "constructive" talks to replace or renew its current credit facility.

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18 Mar 2024 08:07

Naked Wines drafts in Interpath Advisory amid tough trading - report

(Sharecast News) - Naked Wines slid on Monday following a report the online wine retailer has drafted in debt advisers to explore refinancing options amid tough trading conditions.

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5 Feb 2024 11:51

IN BRIEF: Naked Wines promotes former AB InBev, Modelo exec as new CEO

Naked Wines PLC - Norwich-based online wine seller - Promotes UK Managing Director Rodrigo Maza to chief executive officer, taking over from Rowan Gormley after a several-month transition. At that point, Gormley will revert to non-executive chair from executive chair. Maza joined Naked Wines in September, having held executive roles at brewers Anheuser-Busch InBev NV and Grupo Modelo SA de CV. Since joining, Maza has worked with Gormley on the company's turnaround strategy. "I look forward to working with the team across Naked and getting this amazing company to achieve its full potential,"Maza says. Naked Wines also promotes UK Chief Operating Officer Emma Kamel to general manager of the UK business.

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5 Feb 2024 08:19

Naked Wines appoints regional MD as new CEO

(Sharecast News) - Online wine retailer Naked Wines has appointed its UK managing director as its new chief executive after the abrupt departure of its former boss last November.

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18 Jan 2024 13:33

Naked Wines sales continue to fall; plans to axe jobs

(Alliance News) - Naked Wines PLC on Thursday said its sales continued to fall in its third quarter, and it plans to axe jobs as part of a cost saving measure.

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18 Jan 2024 12:35

Naked Wines to cut jobs as sales continue to fall

(Sharecast News) - Naked Wines announced job cuts on Thursday as it looks to reduce costs, as it reported a drop in sales over the peak third-quarter trading period, in line with its expectations.

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18 Jan 2024 09:16

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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15 Dec 2023 12:40

Naked Wines half-year loss widens, revenue declines on sales drop

(Alliance News) - Naked Wines PLC on Friday said its interim loss widened on impairments, while a decrease in customer sales drove a plunge in revenue.

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15 Dec 2023 09:28

LONDON BROKER RATINGS: SocGen cuts Centrica; Barclays raises Trainline

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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15 Dec 2023 08:00

Naked Wines sees losses widen as revenues slide

(Sharecast News) - Naked Wines reiterated plans to turn the business around on Friday, despite falling deeper into the red and posting a slump in half-year revenues.

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15 Dec 2023 07:44

LONDON BRIEFING: Stocks called up slightly; US Fed's euphoria runs out

(Alliance News) - Stocks in London are called to open slightly higher on Friday, with the euphoria from the US Federal Reserve's slight policy pivot running out of speed.

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