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Virgin Wines UK – “strategic partnership” with “the world's largest dedicated online supermarket”. Ramptastic?

By Steve Moore | Friday 4 October 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Online wine retailer Virgin Wines UK (VINO) has issued a “Strategic Partnership with Ocado.com”-titled announcement detailing that it will provide customers of “the world's largest dedicated online supermarket” with a selection of wines previously available only to Virgin Wines customers and as part of multi-bottle cases, emphasising “this marks the first time these wines will be offered as individual bottles”. What about a current 2.5% higher share price to 40.5p in response?
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