Virgin Wines UK PLC Strategic Partnership with WH Smith Travel
July 06 2023 - 1:00AM
RNS Non-Regulatory
TIDMVINO
Virgin Wines UK PLC
06 July 2023
6 July 2023
Strategic Partnership with WH Smith Travel
("Virgin Wines", the "Company" or the "Group")
Virgin Wines, one of the UK's largest direct-to-consumer online
wine retailers, announces it has signed a new strategic partnership
with WH Smith Travel ("WH Smith"), one of the UK's leading travel
retailers and part of WH Smith plc.
The agreement represents significant progress for Virgin Wines
as part of the Group's strategic focus on commercial partnerships.
The exclusively curated range of quality wines is now stocked
across 39 WH Smith stores within airports and train stations
nationwide, and is already proving popular with customers.
Virgin Wines continues to explore a number of additional
potential value accretive partnerships, following others recently
agreed with leading British brands including Saga, Moonpig and
Currys.
Jay Wright, Chief Executive Officer at Virgin Wines,
commented:
"We are delighted to have partnered with WH Smith Travel to
provide our exclusive, quality wines to their customers within
travel hubs across the UK. This is a great opportunity for
thousands of WH Smith customers to sample the outstanding wines
that Virgin Wines sources from across the world and we hope that it
will entice them to try more wines in the future as well as
enjoying a glass or two while on their travels.
"Strategic partnerships such as this remain fundamental to our
growth strategy, and we look forward to updating further on our
progress in this area over the coming months."
- Ends -
Enquiries:
Virgin Wines UK plc Via Hudson Sandler
Jay Wright, CEO
Graeme Weir, CFO
Hudson Sandler
(Public Relations)
Alex Brennan
Dan de Belder
Charlotte Cobb
Harry Griffiths
virginwines@hudsonsandler.com
Tel: +44 20 7796 4133
Notes to editors:
About Virgin Wines
Virgin Wines is one of the UK's largest direct-to-consumer
online wine retailers. It is an award-winning business which has a
reputation for supplying and curating high quality products,
excellent levels of customer service and innovative ways of
retailing.
The Company, which is headquartered in Norwich, UK, was
established in 2000 by the Virgin Group and was subsequently
acquired by Direct Wines in 2005 before being bought out by the
Virgin Wines management team, led by CEO Jay Wright and CFO Graeme
Weir, in 2013. It listed on the London Stock Exchange's Alternative
Investment Market (AIM) in 2021.
Virgin Wines has more than 1,000 products in its portfolio and
an active customer base of more than 180,000 worldwide. It has
approximately 200 employees and more than 40 trusted winemaking
partners and suppliers around the world.
The Company drives the majority of revenue though its main
channels such as email and web, as well as its growing subscription
schemes including WineBank, Wine Plan and Pay As You Go.
Along with its extensive range of award-winning products, Virgin
Wines continues to grow its beer and spirit categories,
successfully launching more than 40 exclusive products as well as
its BeerSave and SpiritSave schemes.
https://www.virginwinesplc.co.uk/
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END
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