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Virgin Wines UK reports significant sales and customer growth, aiming for £100m revenue by 2030.
Virgin Wines UK, a major online wine retailer, reported a 9% sales growth in December and a 6.7% increase during the Christmas period, achieving £13.5m in revenue. The company aims for £100m annual revenue by 2030 through a new five-year strategic plan focusing on customer acquisition, commercial partnerships, and tech investment. Virgin Wines also announced a 29% rise in new customers and a 20% profit increase, while planning a share buyback scheme and developing a mobile app.
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