Oddbins has allegedly been sending love letters and bottles of wine to key staff at rival merchant Naked Wines in a bid to poach them.
UK retailer Majestic Wine is considering scrapping the minimum purchase rule in its stores in a bid to improve its performance after revealing plummeting profits.
Majestic Wine has reported a drop in its annual pre-tax profit of 22.5% to £18.4 million in its first annual report since acquiring Naked Wines for £70 million.
Just hours after the announcement that Majestic Wines has bought loss-making Naked Wines, an event in London has highlighted the challenges of turning a profit in the UK’s £720m online wine market.
UK wine merchant, Majestic, has bought the online retailer Naked Wines for £70 million and appointed its founder Rowan Gormley as CEO.
Climate change is altering the tastes of wine drinkers, encouraging them to prefer intense, higher alcohol wines, according to research by Naked Wines.
Jean Philippe “JP” Moulin, a former winemaker for Ruinart, has launched his own range of Champagnes after raising €500,000 through crowdfunding.
Londoners’ taste for vino has been mapped revealing a “river of red” through its centre, according to a survey by Naked Wines.
Halfwine, a new UK wine operation specialising in half bottles, has launched a crowdfunding project to help it expand and build on this growing trend.
Crowdfunding wine retailer Naked Wines has reported 40% sales growth for its 2013 financial year to hit £53 million, with its UK operation nearly doubling profits.
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