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Evening Standard
Evening Standard
Business
Michael Hunter

Naked Wines calls in founder and former CEO after shares get trampled

Naked Wines Naked

Wines by post were popular during the pandemic but now face greater competition from re-opened pubs and restaurants

(Picture: Naked Wines)

After a share-price slump and a sudden, board-level resignation sent a chill through shares in Naked Wines this week, its former CEO is coming back to help it dress up revised “operational and financial plans”.

Rowan Gormley also has some skin in the game. He is a material shareholder in the Norwich-based tipple-by-subscription company which he founded in 2008, holding a stake of almost 3%. The South African entrepreneur was also the CEO of Majestic Wine after it bought Naked Wines and he has also worked for Richard Branson at Virgin Money.

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