Virgin Wines targets £100m revenues through ‘turbocharging’ growth plan

Virgin Wines has unveiled plans to “turbocharge” its growth and deliver £100m in annual revenue over the next five years through a new growth strategy, whilst the group hailed a “resilient” performance in its H1 results.The plan, which aims to deliver this revenue growth at a 7% EBITDA margin, will focus on four key areas: increasing customer acquisition; driving growth in commercial partnerships; using technology to enhance customer engagement; and investing in Warehouse Wines, which soft launched last year.