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Naked Wines reports 40% sales growth

Naked Wines, the online retailer which also crowd-funds independent winemakers, increased its worldwide sales by 40% to £53 million in 2013 as trade was driven by strong growth in its newer operations in the USA and Australia.

GENERAL MERCHANDISE

Naked Wines reports 40% sales growth

Naked Wines, the online retailer which also crowd-funds independent winemakers, increased its worldwide sales by 40% to £53 million in 2013 as trade was driven by strong growth in its newer operations in the USA and Australia.

In addition, the group’s UK operating profit nearly doubled to almost £2 million despite increased investment in new wines and winemakers.

During the year, Naked Wines grew its number of ‘angels’, or customers who fund winemakers in return for wholesale prices, to 220,000 and monthly investment by ‘angels’ into new wines exceeded £5 million for the first time.

Rowan Gormley, founder and chief executive of Naked Wines, said: "It has been a year of strong profitable growth for our company and I would like to thank the ‘angels’ and winemakers who made it possible. I would also like to thank all our staff around the world, who work so hard to make this all possible.

"Since we started the company five years ago, Naked Wines has revolutionised the way wine is financed, made and sold. In the year ahead we have some truly great wines to offer our Angels that I believe will lead to another year of strong growth."

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