Virgin Wines shares rise on stock market debut
Virgin Wines enjoyed a strong stock market debut, but will it go onto deliver attractive long-term returns for investors? We have our concerns, as our update here reveals.
Virgin Wines joins AIM: will it make money for investors?Shares in Virgin Wines (LON:VINO), one of the UK’s largest direct-to-consumer online wine retailers, rose strongly on their admission to AIM, the junior market of the London Stock Exchange. The Group is the exclusive licensee of the Virgin Wines brand in the UK and Ireland from Virgin Enterprises Limited, a Virgin group company and owner of the Virgin brand. Virgin Wines claims to operate a unique wine sourcing model, sourcing its wine from a network of trusted long-term winemaking partners and suppliers using an open source supply model, meaning that it…