Naked Wines plc (WINEW.L, WINE LN)
Naked Wines (WINE) is an online wine retailer founded in 2008. The company was purchased by brick-and-mortar retailer Majestic Wine in 2015, with Majestic then sold in 2019 to focus on Naked's online-only offering. The company operates a two-sided marketplace that connects independent winemakers with retail customers. This direct-to-customer offering utilises a subscription revenue model, with the upfront fees used to fund the working capital of the boutique winemakers. The company currently operates in the UK, US and Australia.
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