8Wines included in FT 1000: the ranking of Europe’s fastest-growing companies
Purcari Wineries PCL (BVB: WINE; henceforth “Group”, “Company”), is delighted to announce that 8Wines, a Czech-based fast growing online retail platform in which the Group has a 10% ownership stake, has been included in The Financial Times 1000: the ranking of Europe’s fastest-growing companies.
8Wines ranked the 8th out of the 22 nominated companies within the Food & Beverages sector. Furthermore, it is the only Czech-based company nominated in its sector, with a revenue CAGR of 67.7% over the period from 2019 to 2022.
“We are honoured to be included in this year’s FT 1000 and to be acknowledged as one of Europe’s fastest-growing companies. We offer a unique wine selection, also rare finds, excellent prices, and superior customer service, including very attractive shipping rates, which has led to increasing numbers of happy customers choosing 8Wines as their go-to option for their quality wine needs. This recognition serves as a great motivation for all of us at 8Wines to continue developing and improving as a company, while also ensuring a continuous healthy financial growth”, said Vasily Dinkov, 8Wines Co-founder and CEO.
About 8Wines Czech Republic s.r.o.
8Wine’s value proposition centers on offering to consumers a wide selection of premium wines, including rare finds and hidden gems, as well as an impeccable service. The company offers very competitive and expedient shipping terms, for deliveries to over 40 markets, primarily in Europe, but extending as far away as Australia and Singapore. With its operational base in Prague (Czechia), 8Wines runs a lean operation, allowing it to also offer attractive prices to consumers, in addition to the excellent service, which translates in an average customer satisfaction score of 4.92/5.00 on Trusted Shops. The company has been awarded Gold medals from Wine-Searcher three years in a row for its wine selection, which includes one of the most extensive portfolios of New World wines in Europe.
On 13th of May 2021, Purcari Wineries purchased a 10% ownership interest in 8Wines Czech Republic s.r.o. (8Wines), a Czech-based fast growing online retail platform. The Group neither has any significant influence, nor is it involved in the management of 8Wines, therefore, the ownership interest in 8Wines accounts as equity instruments at fair value.
The entire statement is available on the link
