RCS - Virgin Wines UK PLC - Strategic Partnership with WH Smith Travel

Virgin Wines UKAnnouncement

06/07/2023 07:00

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RNS Number : 1151F  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 (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, 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/ (https://www.virginwinesplc.co.uk/)

 

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