Naked Wines has virtually doubled in size since selling Majestic just two and a half years ago, but its share price tumbled 40% last month after it warned sales and profits would take a hit this year amid “greater uncertainty” in the economy
Naked stocks booze from independent winemakers around the globe and has online retail operations in the US and Australia as well as the UK.
Shorn of the bricks-and-mortar Majestic Wine business since the end of 2019, Naked management has invested in growth, honing its direct-to-consumer business model, with the pandemic providing a boost for online wine purchasing.
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