Naked Wines Share Price Likely To Come Under Pressure As CEO Due To Depart, Says Analyst
The share price of Naked Wines is likely to come "under pressure" unless management "directly address concerns" within the business, leading industry analysts have warned.
Adam Tomlinson and Wayne Brown of Liberum Capital were commenting as Naked Wines posted a 16% reported increase in revenue growth in the first half of the year; a performance that the business said was 'broadly on track' with expectations.
The pure-play online business is now a standalone entity due to the disposal of Majestic Wines and other entities. It reported a total loss for the period after tax of £6.4 million.
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