Naked Wines narrows losses despite falling sales

Naked Wines has said it is in “a better position, both financially and strategically” as it revealed it had shrunk its half-year losses despite weaker sales.
The online wine merchant posted a pre-tax loss of £5.6m in the 26 weeks to 30 September, down from the £9.7m loss it reported last year, as it continued to make progress against its turnaround plan.
Adjusted EBIT dropped £5.3m to a loss of £3.1m in the half, due to a £3.7m hit from inventory liquida