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Home › Retailer Majestic Wine is to buy online rival Naked Wines for up to 70 million.

 

Retailer Majestic Wine is to buy online rival Naked Wines for up to 70 million.

2015-04-10 10:03:24| Beverages - Topix.net

Naked Wines, founded in 2008, runs a crowd funded business where around 300,000 subscribers help fund over 130 independent winemakers in 14 countries in exchange for access to exclusive wines at preferential prices. It generated sales of A 74 million last year, up 40% on a year ago, but made a loss of A 3.3 million.

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