Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’ Food English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed on AIM, said the fall from £2.4m to £40,000 in the in the six months ended 30 June was due to a ‘difficult macroeconomic environment’, [...]
Naked Wines boss ‘excited about the future’ as the company goes ‘back to basics’ Business 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, [...]