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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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Category:Food and Related Products
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