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City snapshot: Retail sales continue to slide in August thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
Investegate |Virgin Wines UK PLC Announcements | Virgin Wines UK PLC: Virgin Wines launches partnership with Moonpig investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
By Alec Mattinson2021-02-19T10:06:00+00:00 Private interest in Virgin Wines was thought to be strong, but the group is going public instead The flurry of IPO activity so far in 2021 reached the grocery industry this week, with the confirmation DTC booze player Virgin Wines is seeking a £100m listing. The e-commerce wine merchant, which split from Richard Branson’s Virgin empire in 2005, is seeking to capitalise on booming demand during the coronavirus outbreak, amid a spike in sales of alcohol online as restaurants and bars remain shuttered and at-home consumption has soared. Its owners, which include the management team and private equity investors Mobeus Equity Partners and Connection Capital, first looked at taking advantage of the surge in demand by initiating a sales process in the autumn of last year. ....
Virgin Wines, one of the UK s largest direct-to-consumer online wine retailers, announces its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange ( Admission ).
The Group works with its network of trusted suppliers and winemaking partners from many locations around the world to source, design, blend and sell award-winning and largely exclusive premium wines. These wines are sold to the Group s loyal customers through its WineBank and Wine Plan subscription schemes and on a pay-as-you-go basis. The Group also operates B2B and gift sales channels and recently expanded its product offering to include carefully curated collections of premium spirits and craft beers. ....