Draft:8Wines
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Comment: No evidence of notability.Promotional. DoubleGrazing (talk) 07:50, 26 October 2024 (UTC)
8Wines
[edit] | |
| 8Wines | |
| Industry | Wine retailing |
| Founded | 19 January 2015 |
| Headquarters | Czech Republic |
Area served | Europe |
Key people | |
| Products | Wine |
Number of employees | 20 |
| Website | 8wines |
8Wines is a wine importer, online retailer, négociant, and wholesaler based in Prague, Czech Republic. Established in 2015, the company focuses on sourcing distinctive wines that are often difficult to find in local markets or through other online platforms.
8Wines offers a collection of rare and boutique wines from various regions worldwide and operates in the online wine retail sector. The company employs a multilingual approach to improve accessibility, serving a diverse clientele across Europe with a particular focus on exclusive and hard-to-find wines.
History
[edit]8Wines began with a focus on offering premium US wines to European customers but soon expanded its portfolio to include a broad selection of New World wines from regions such as Australia, New Zealand, and Argentina. They also continue to source wines from established European producers, including France, Italy, and Spain.
The company has developed relationships with over 700 partner wineries worldwide, supporting its rapid growth and enabling access to a wide variety of unique wines.
Awards and Recognition
[edit]8Wines has received several industry accolades, including Gold medals from Wine-Searcher for seven consecutive years..[1]. Its growth and accomplishments have been featured in industry publications, which recognized 8Wines as the fastest-growing wine company in Europe, achieving an absolute growth rate of 372.6% and a CAGR of 67.8%[2].
Since 2016, the company holds a strong reputation with a high rating on Trusted Shops[3], based on over 4,000 customer reviews.
In 2021, 8Wines received a minority stake investment from Château Purcari, a Moldovan winery recognized as the top Central and Eastern European winery, at the 2023 Decanter Awards[4]. It had set a target to increase its revenue to €4.5 million, achieving nearly threefold growth compared to the previous year. The business has been profitable and has gained recognition for its rapid growth. In a strategic move, Purcari Wineries Plc, one of the leading wine producers in Central and Eastern Europe (CEE), made a minority investment in 8Wines[5]. Purcari Wineries, which is listed on the Bucharest Stock Exchange, manages extensive vineyards and exports wines to over 30 countries. The transaction between 8Wines and Purcari Wineries was facilitated by Baltic Partners, an independent financial advisory firm specializing in mergers and acquisitions in the Baltic States and CEE region[6].
In 2024, the Financial Times listed 8Wines among Europe’s top 1000 fastest-growing companies[7]
Industry Influence
[edit]8Wines has garnered attention from several esteemed publications. Vogue highlighted the company’s wine offerings as particularly suited for special occasions, while renowned wine critic Jancis Robinson praised its capability[8] to source premium wines at accessible price points.
The company's influence in the German wine market has been recognized by WineBusiness[9], and its role in expanding the availability of Croatian wines in Germany has been noted in industry discussions[10]
Furthermore, 8Wines contributed to the Forbes Next Big Thing event by hosting a wine tasting[11], where it curated a selection of wines that enhanced the overall experience for guests.
References
[edit]- ^ "Wine-Searcher Retailer Awards (8Wines)". Wine-Searcher.
- ^ Feilden, Eloise (2024-03-05). "Which drinks companies are among Europe's fastest growing?". The Drinks Business. Retrieved 2024-10-26.
- ^ "All 8Wines, s.r.o. profiles at Trusted Shops". www.trustedshops.eu. Retrieved 2024-10-26.
- ^ "8Wines included in FT 1000: the ranking of Europe's fastest-growing companies" (PDF).
- ^ Banila, Nicoleta (May 25, 2021). "Bucharest-listed Purcari Wineries buys 10% of online retailer 8Wines". SeeNews.
- ^ "Baltic Partners team advised founders on sale of minority stake in 8Wines.com to Purcari Wineries |" (in Russian). Retrieved 2024-10-26.
- ^ Kilby, Nathalie (2024-03-01). "FT 1000: the eighth annual ranking of Europe's fastest-growing companies". www.ft.com. Retrieved 2024-10-26.
- ^ Robinson, Jancis. "Top wines from Lady Jancis". Milled. Retrieved January 24, 2024.
- ^ "Popular Online Wine Retailer 8Wines.com Launches German Web Store 8wines.de". www.winebusiness.com. Retrieved 2024-10-26.
- ^ Trifunović, Nenad (2023-05-31). "The 10 Best Places to Buy Croatian Wine in Germany". Croatian.wine. Retrieved 2024-10-26.
- ^ Česko, Forbes (2024-10-05). "Svět technologií i dobrá zábava. Takový byl Forbes Next Big Thing". Forbes (in Czech). Retrieved 2024-10-26.
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