Naked Wines to raise prices amid Brexit fallout
Naked Wines has warned its investor-consumers that prices will rise in the aftermath of Brexit, amid a weak sterling and growing unease Britain’s EU exit strategy.
Naked Wines, which is owned by Majestic Wine, has said that it will raise prices by 5% on half of its range from next month.
It blamed the weak sterling currency in the aftermath of the Brexit vote. Wines at Majestic will not be affected.
‘We have increased prices as little as possible,’ said CEO Rowan Gormley. He said the rise is ‘around 50p on some of our most popular wines’.
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