Virgin wines looks to Gen-Z wine-lovers for growth after loss
4 Articles
4 Articles
Virgin wines looks to Gen-Z wine-lovers for growth after loss
Online retailer Virgin Wines turned a loss but remains confident a surge of Gen-Z drinkers who no longer view wine as “elitist” will push the firm into the black. The wine seller made a £400k pre-tax loss in the first half of the year, down from a £1.3m profit last year, but saw revenue grow two per cent to £35m. This means the retailer is outperforming the market, Virgin Wines claims, as the broader sector saw revenue fall 11 per cent during th…
Virgin Wines sales rise 2% in H1 amid strong Christmas
Virgin Wines has seen revenues rise by 2% to £34.7m for the six months ending 2 January 2026, despite the wider online drinks market falling by 11%. This was bolstered by a “strong” trading over the peak Christmas period, with revenues over the seven weeks to 26 December 2025 rising by 5% year-on-year Over the half-year period, the group recorded a 40% rise in new customer acquisitions, totaling 75,000 customers. Its WineBank membership also gr…
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