Virgin Wines Online Limited
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Virgin Wines Online Limited - overview
Established
1999
Location
Norwich, England, UK
Primary Industry
Logistics & Distribution
About
Virgin Wines Online Limited is an online retailer specializing in a wide array of wines, offering personalized selections and exclusive memberships to enhance consumer wine-buying experiences. Founded in 1999, Virgin Wines Online Limited operates as an online wine retailer, providing customers with a diverse selection of wines. The company is headquartered in Norwich, UK. In March 2021, Virgin Wines raised GBP 47.
96 mn through an IPO, achieving a market capitalization of GBP 110 million. The CEO, Jay Wright, leads the company in its growth initiatives. Virgin Wines has been involved in two significant funding deals, with the latest being the IPO which marked a pivotal moment for the company. Virgin Wines primarily operates in the online wine retail sector, offering a diverse range of wine products and services tailored to various consumer preferences.
Their core offerings include expertly selected mixed wine cases, personalized wine selections based on individual taste profiles, and exclusive collections such as the limited-edition French selection. The company also promotes membership programs like WineBank, Discovery Club, and justREDS, which provide unique benefits such as discounts and exclusive access to new products. Their customer base includes casual wine drinkers and enthusiasts across the UK and selected international locations, focusing on convenience and tailored experiences in wine purchasing. For the fiscal year 2024, Virgin Wines reported a revenue of GBP 74,317,211.
20 and an EBITDA of GBP 3,204,185. 80. The company generates revenue through direct-to-consumer sales on their online platform, which includes one-time orders and subscription services that offer curated selections. Pricing structures include promotional offers and loyalty points, appealing to both individual consumers and members seeking regular wine experiences.
In March 2021, Virgin Wines Online Limited raised GBP 47. 96 mn in an IPO, which will support the company’s strategy for future growth. Plans include the development of new wine products and membership offerings to enhance customer engagement. Additionally, Virgin Wines aims to expand into new geographic markets, targeting specific regions with increasing demand for online wine sales.
The recent funding will be utilized to bolster their marketing efforts and infrastructure to support these initiatives.
Current Investors
Mobeus Equity Partners, Connection Capital
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution
Website
www.virginwines.co.uk
Verticals
E-commerce
Company Stage
Mature
Total Amount Raised
Subscriber access only
Virgin Wines Online Limited - timeline of key events
Virgin Wines Online Limited - financials
| Fiscal Year Ended | Jul 02, 2010 | Jul 01, 2011 | Jun 29, 2012 | Jun 28, 2013 | Jun 27, 2014 | Jul 03, 2015 | Jul 01, 2016 | Jun 30, 2017 | Jun 29, 2018 | Jun 28, 2019 | Jul 03, 2020 | Jul 02, 2021 | Jul 01, 2022 | Jun 30, 2023 | Jun 28, 2024 | Jun 27, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 28,019,056 | 36,803,242 | 37,389,702 | 34,474,939 | 35,695,433 | 37,116,974 | 38,005,000 | 38,179,000 | 39,888,000 | 42,456,000 | 56,554,000 | 73,634,000 | 69,152,000 | - | - | - |
| % Revenue Growth (YoY) | - | 31.4% | 1.6% | (7.8%) | 3.5% | 4.0% | 2.4% | 0.5% | 4.5% | 6.4% | 33.2% | 30.2% | (6.1%) | - | - | - |
| EBITDA (USD) | 1,623,133 | 2,876,692 | 2,474,855 | 2,125,039 | 1,719,798 | 2,550,910 | 2,127,000 | 2,405,000 | 1,522,000 | 2,276,000 | 4,372,000 | 6,363,000 | 5,488,000 | - | - | - |
| Operating Income (USD) | 1,540,916 | 2,462,161 | 2,082,853 | 1,688,856 | 1,258,702 | 2,080,841 | 1,689,000 | 1,995,000 | 923,000 | 1,676,000 | 3,696,000 | 5,657,000 | 4,707,000 | - | - | - |
| Operating Margin | 5.5% | 6.7% | 5.6% | 4.9% | 3.5% | 5.6% | 4.4% | 5.2% | 2.3% | 3.9% | 6.5% | 7.7% | 6.8% | - | - | - |
| % EBITDA Margin | 5.8% | 7.8% | 6.6% | 6.2% | 4.8% | 6.9% | 5.6% | 6.3% | 3.8% | 5.4% | 7.7% | 8.6% | 7.9% | - | - | - |
| NET Income (USD) | 2,750,700 | 4,822,637 | 1,223,867 | (2,258,681) | 1,223,953 | 2,036,826 | 3,510,000 | 1,553,000 | 649,000 | 1,304,000 | 3,258,000 | 4,574,000 | 3,927,000 | - | - | - |
| % Net Margin | 9.8% | 13.1% | 3.3% | (6.6%) | 3.4% | 5.5% | 9.2% | 4.1% | 1.6% | 3.1% | 5.8% | 6.2% | 5.7% | - | - | - |
Virgin Wines Online Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Virgin Wines Online Limited | - | ||||||||
| Buyout | Completed | Virgin Wines Online Limited | - |
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Virgin Wines Online Limited - employee data
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