Online retailer Naked Wines has lost nearly 40% of its market value after it admitted that lockdown-boosted sales and heightened customer acquisition is likely to see a significant drop in 2023.
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Following the UK government's unveiling of its strategy for managing Covid-19 during the autumn and winter months, UK Hospitality (UKH) chief executive Kate Nicholls has issued a stark warning about the importance of allowing businesses to remain open.
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UK glass manufacturer Encirc is set to expand its filling capacity by 40%, increasing its wine filling capacity by 75 million litres over the next year, to meet growing demand.
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The government’s roadmap for re-opening has brought little cheer for hospitality, with already financially-stricken restaurants, bars and pubs languishing towards the back of the queue.
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Waitrose had reported a significant boost to its online wine sales as consumers take advantage of a “wider selection” of wine online during lockdown.
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The Covid-19 outbreak is causing serious damage to the UK’s wine industry, according to a survey of its members commissioned by Wines of Great Britain.
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