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Bosses at Norwich-based Naked Wines announced that sales of online drink orders jumped in the 12 months to March 29. But despite the boost, losses widened as the company focused on expansion.
The global online wine retailer, based in Norwich, posted the colossal pre-tax annual slump - but attributed it to new investment.
“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...
Booming online sales of wine helped propel Naked Wines’ annual revenues up 68% year-on-year, but the company remains loss-making as it continues to invest in new customers and growth.
The global online wine retailer, based in Norwich, posted the colossal pre-tax annual slump - but attributed it to new investment.