Source - Alliance News

Virgin Wines UK PLC - Norwich, England-based online wine retailer - Signs a new strategic partnership with WH Smith Travel, ‘one of the UK’s leading travel retailers’ and part of WH Smith PLC. Says its ‘exclusively curated range of quality wines’ is now stocked across 39 WH Smith stores within airports and train stations nationwide.

Looking ahead, Virgin Wines says it continues to explore a number of additional potential value accretive partnerships

Chief Executive Officer Jay Wright says: ‘This is a great opportunity for thousands of WH Smith customers to sample the outstanding wines that Virgin Wines sources from across the world and we hope that it will entice them to try more wines in the future as well as enjoying a glass or two while on their travels.

‘Strategic partnerships such as this remain fundamental to our growth strategy, and we look forward to updating further on our progress in this area over the coming months.’

Current stock price: 29.00 pence, down 3.3% on Thursday morning in London

12-month change: down 63%

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