Naked Wines raises glass to transformative year as it upgrades forecasts

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  • Naked Wines lists on OTCQX Best Market in the USA
  • Naked Wines: Backing the best winemakers, while successfully challenging the status quo
  • Naked Wines CEO describes how the group has built a ‘better, stronger business’ in 2021 FY results
Naked Wines Plc - Naked Wines

Quick facts: Naked Wines PLC

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Naked Wines was set up because its founders believed that the wine industry could be so much better. The two important people – the wine drinker and the winemaker – could be getting a better deal. So, the company decided to do something about it.

The model, which turned out to be ahead of its time, was built around crowdfunding. Customers support independent winemakers, and in exchange get exclusive access to wines at preferential prices.

Naked Wines has a fast-growing and loyal subscriber base of more than 850,000 Angels across its three markets and works with over 235 independent winemakers, producing over 1,500 wines in 19 different countries.

19 Jul 2021

Shares in Naked Wines PLC ()(OTCQX:NWINF) have commenced trading on the OTCQX Best Market in the United States, under the ticker symbol ‘NWINF’.

Trading on OTCQX is an important step for Naked, giving the company exposure to a wider audience of potential investors by easing cross-border trading for our US investors and employees.

“We are pleased to have qualified to trade on the OTCQX Market, the highest tier of the OTC Markets Group, which will complement our existing Aim listing,” said Nick Devlin, chief executive of Naked Wines.

“Trading on OTCQX will provide US institutional and retail investors, and our colleagues, the opportunity to share our growth as we build on a breakthrough year for Naked Wines, following an unprecedented channel shift to online, accelerated by the COVID-19 pandemic.”

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11 Jun 2021

() said it plans to invest and intensify its focus in the lucrative $20bn US market, building on strong sales momentum in the past year.

The online wine retailer increased sales 68% to GBP340.2mln in the year to 29 March as people developed a taste for its wine subscription model amid the Coronavirus (COVID-19) pandemic-driven shift to online shopping.

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15 Apr 2021

LC () said sales in the year to March 29 came in ahead of guidance after strong performance in the US.

The online wine retailer posted sales growth of 68%, though it was forecast to surge 55-65%, with US revenue climbing 75% to over GBP150mln and now accounting for 45% of the total.

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29 Oct 2020

“For me, the measure of success is much more harnessing the platform we’ve got – the community of wine lovers and winemakers and really changing the structure of the way the wine industry works. If we take care of that, I think the valuation side of things will take care of itself just fine.”

Nick Devlin, CEO

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11 Jun 2021

() CEO Nick Devlin tells Proactive it has built a builds ‘better, stronger business’ as it plans to invest and intensify its focus in the lucrative $20B US market, building on strong sales momentum in the past year.

The online wine retailer increased sales 68% to GBP340.2M in the year to 29 March as people developed a taste for its wine subscription model amid the Coronavirus (COVID-19) pandemic-driven shift to online shopping. Devlin says with continued good trading in the first two months of the new period, with total sales up 8% year on year on a constant currency basis and repeat customer sales growing over 30%, the company gave guidance for total sales for the year of GBP355-GBP375M.

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