“Naked Wines’ future in doubt as Britons lose thirst for ordering booze online
Wine retailer facing ‘material uncertainty’ after plunging to £15m loss
Naked Wines has warned it could go bust as the online wine retailer scrambles to turn its fortunes around in the wake of the pandemic.
The London-listed company said on Tuesday there was a “material uncertainty” around its ability to continue as a going concern if it could not generate enough cash.
Naked plunged to a loss of £15m over the year to April 3 as it buckled under an excess of stock and fewer new customers. Total sales grew 1pc but sales from new customers fell by more than a fifth.”
https://www.telegraph.co.uk/business...kdown-success/
Wine retailer facing ‘material uncertainty’ after plunging to £15m loss
Naked Wines has warned it could go bust as the online wine retailer scrambles to turn its fortunes around in the wake of the pandemic.
The London-listed company said on Tuesday there was a “material uncertainty” around its ability to continue as a going concern if it could not generate enough cash.
Naked plunged to a loss of £15m over the year to April 3 as it buckled under an excess of stock and fewer new customers. Total sales grew 1pc but sales from new customers fell by more than a fifth.”
https://www.telegraph.co.uk/business...kdown-success/
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