Naked Wines reports a 13% revenue decrease to £290m, but sees signs of financial recovery.
Naked Wines, an online wine retailer, has reported a 13% decrease in total revenues, reaching £290m for the year ending April. Despite this, the company sees signs of financial recovery after cutting its workforce and experiencing falling sales. Naked Wines operates an innovative business model that connects wine producers directly with consumers, who subscribe to a monthly payment plan for their future wine box purchases. CEO Rodrigo Maza stated that the company is becoming "leaner and stronger".
May 21, 2024
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