Virgin Wines is one of the UK’s largest direct-to-consumer wine retailers, supplying high quality products coupled with excellent customer service and innovative ways of retailing. More than 90% of its wines by volume are exclusive to Virgin Wines.
The company works with a network of trusted winemakers to source, create and curate collections of award-winning and exclusive wines. It sells these, alongside a range of beers and spirits, to customers through online subscription.
Virgin Wines was established in 2000 by the Virgin Group and was subsequently acquired by Direct Wines in 2005. In November 2013, the Virgin Wines management team, led by CEO Jay Wright and CFO Graeme Weir, successfully completed a buyout of the business, supported by Mobeus Equity Partners and Connection Capital provided a combined debt and equity package to support the £15.9 million management buy-out.
In 2021 the company announced its intention to join the London stock market with a listing on the AIM market.
Over the years, the company has expanded the brand’s product proposition to reflect customers’ growing demands. Over recent years this has included the launch of a high-quality craft beer and spirit collection as well as corporate and consumer gift propositions such as highly popular Wine Advent Calendar.
Today, Virgin Wines accounts for nearly 10% of the UK’s growing £850m online direct to customer wine market. The company has a customer base that totals more than 180,000, the majority of whom are subscribed to one of our two subscription schemes, WineBank and WinePlan.
Source: Reuters
click on the image to see the company financial accounts
FINANCIAL & MARKET DATA
SUMMARY OF FINANCIAL DATA
LAST STOCK QUOTES
INVESTMENT GRADE