Online wine seller Naked Wines has slashed costs and intends to cut them further as it aims to recover from a slide in sales that led to questions about its ability to stay afloat.
As revealed earlier this year, the business made a loss of £9.7 million in the six months to 2 October as sales fell by 20%, leading the company to warn their were questions about its ability to continue as a going concern. Last month, it warned that US sales had fallen further in the weeks since.
.png?w=600)
