Naked Wines warned that it could be at risk of going bust if a “combination” of factors all hit cash flow, as it revealed today it swung to a £15 million annual loss.
In delayed results, Naked Wines said like-for-like sales to the end of July fell by 8% and a writedown of unsold wine also dented the bottom line. Trading only got worse in recent weeks, and the business now sees revenue declining by 8-12% this year, below previous expectations.
