Naked Wines boss ‘excited about the future’ as the company goes ‘back to basics’ August 30, 2024 Over the last year, Naked Wines has undergone a painful restructuring process, with measures to reduce costs, stock, and advertising spending in what it called a “pivot to profit.” In December 2023, the company warned that it might not be able to pay its debts if it didn’t manage to make a turnaround work. Now, [...]
Naked Wines ‘in much better shape’ despite further losses August 28, 2024 Online wine seller Naked Wines has reported a slump in profit and a higher loss despite “significant strides” made over the past few months to restructure the business. Total sales fell by 18 per cent year on year to £290m in the 52 weeks ended 1 April 2024, while the company’s statutory loss before tax widened [...]
Naked Wines secures £47m boost as finance chief heads for exit July 9, 2024 Naked Wines has announced the departure of its chief financial officer as it secured a $60m (£47m) boost.
Naked Wines: Shares slump as refinancing rumours give investors jitters March 18, 2024 Shares in Naked Wines slumped close to seven per cent today as reports about a refinancing deal with debt advisers appeared to give investors jitters.