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A UK wine startup worth £70 million explains how it nearly ran out of wine - and what it did next
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Naked Wines — a UK wine retailer that launched in Norwich in 2011 and was acquired by Majestic Wine for £70 million last April — told Business Insider that it grew so fast that almost ran out of wine. Naked Wines operates a crowdfunded business involving around 300,000 subscribers who provide funding for more than 100 independent winemakers in over 14 countries.