Virgin Wines
Profile of the company
Virgin Wines is a market leading on line wine retailer with an innovative ‘wine bank’ model with which it engages with its 150,000 customers. It has a range of over 600 wines that it sources direct from wine growers worldwide and enjoys a workforce that are passionate about its product and brand.
| Sector | Consumer |
|---|---|
| Location | Norwich |
| Investment type | MBO * |
| Date of transaction | October 2013 * |
| Status | Unrealised |
| Website address | www.virginwines.co.uk |
* Julian Carr led this transaction prior to founding Ethos Partners
Jay Wright, CEO says:
“Julian has been a breath of fresh air on the Board and as well as being challenging and supportive in equal measures he has always understood the business from a customer perspective, appreciated the challenges the people in our business face, has embraced the unique culture we have created here at Virgin Wines and brought a marketing based appreciation to the Board rather than one purely based on the numbers which has been both refreshing and invaluable for everyone involved”
Julian Carr, Bestport Capital Partner says:
“Jay imbues an incredible sense of passion and belief through-out Virgin Wines combining business and fun which is just what a wine business should be. The company is transitioning its business model and investing in long term gain which everyone from the warehouse to the Chairman of the Board supports and I feel confident in the long term success of this strategy”