UK: Norwich firm launches £10m fund for wine makers
UK: Norwich firm launches £10m fund for wine makers
Dec 2, 2010 6
An online wine retailer set up two years ago this week has announced plans to invest £10m in “unearthing new winemaking talent” in 2011. Since its launch in December 2008, Norwich-based Naked Wines, has gone on to help 22 independent winemakers set up and create 85 new wines.This year it will have sold two million bottles of wine to some 100,000 online customers and it is on track to meet growth plans of increasing turnover from £4m to £9m next year.
Its planned £10m investment fund will be double the amount it invested this year.
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