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16 Feb 5:13am

Virgin Wines to float for about £100m next month

The Guardian
Company follows Deliveroo and Moonpig in stock market debut after Covid crisis drives spending online Virgin Wines is to float on the London Stock Exchange next month with a valuation of about £100m as the Covid-19 pandemic increases demand for its home delivery business model. The company, bought out of Sir Richard Branson’s Virgin group in 2005, mostly sells wine through its WineBank and Wine Plan subscription schemes, but also on a pay-as-you-go basis. It has 169,000 active customers, of which 147,000 are members of its subscription schemes.
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