RCS - Virgin Wines UK PLC - Strategic Partnership with Ocado.com

Virgin Wines UKAnnouncement

04/10/2024 07:00

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RNS Number : 8932G  Virgin Wines UK PLC  04 October 2024

4 October 2024

Strategic Partnership with Ocado.com

("Virgin Wines", the "Company" or the "Group")

Virgin Wines, one of the UK's largest direct-to-consumer online wine
retailers, is pleased to announce that it has agreed a strategic partnership
with Ocado.com, the world's largest dedicated online supermarket.

Starting on 2(nd) October 2024, Ocado customers will have access to an
exclusive selection of 50 wines from the Virgin Wines portfolio, carefully
curated by both the Virgin Wines and Ocado buying teams. Previously available
only to Virgin Wines customers and sold as part of multi-bottle cases, this
marks the first time these wines will be offered as individual bottles.

Virgin Wines continues to deliver high-quality wines that combine exceptional
value with innovation and small-batch production, while leveraging its unique
customer-driven buying model to create value-accretive partnerships with
leading brands.

Jay Wright, Chief Executive Officer at Virgin Wines, commented:

"We are thrilled to be working with Ocado to bring our expertise in sourcing
and creating wines to its considerable audience. This collaboration allows us
to introduce Ocado customers to a hand-picked selection of exclusive wines
from our large and distinctive portfolio.

Virgin Wines has long-standing relationships with a considerable network of
independent winemakers across the world. Our team work closely with them to
create a unique range that is constantly evolving to meet the varying needs of
different consumers. I'm confident the wines selected for our range at Ocado
will resonate with both seasoned wine enthusiasts and those looking to
discover something new."

- Ends -

Enquiries:

 Virgin Wines UK plc                     Via Hudson Sandler

 Jay Wright, CEO

 Graeme Weir, CFO

 Panmure Liberum Limited

 (Nominated Adviser and Sole Broker)

 Edward Thomas

 Dru Danford

 John Fishley

 Hudson Sandler

 (Public Relations)

 Alex Brennan

 Dan de Belder

 Harry Griffiths

 Eloise Fleet

                                         Tel: +44 20 3100 2222

                                         virginwines@hudsonsandler.com (mailto: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 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 is headquartered in Norwich, with two fully bonded, national
distribution centres in Preston and Bolton. It stocks over 650 wines sourced
from more than 40 trusted winemaking partners and suppliers around the world
which it sells to a large active customer base, the majority of whom are on
one of the Group's subscription schemes.

The Company drives the majority of its revenue though its fast-growing
WineBank subscription scheme, using a variety of marketing channels, as well
as through its Wine Advisor team, Wine Plan channel and Pay As You Go service.

Along with its extensive range of award-winning products, Virgin Wines was
delighted that its flagship WineBank service was awarded 'Wine Club of the
Year' at the 2024 IWC Awards, was named Online Drinks Retailer of the Year for
2022 at the Drinks Retailing Awards, as well as receiving the bronze award for
Contact Centre of the Year at the 2022 UK National Contact Centre Awards. In
addition, in 2023 the Group's Head of Buying, Sophie Lord, was named Buyer of
the Year by Decanter magazine.

https://www.virginwinesplc.co.uk/ (https://www.virginwinesplc.co.uk/)

 

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