The situation appears to be deteriorating further at Made.com, a pure British player in online furniture sales. According to Bloomberg, the brand would be on the verge of bankruptcy and would no longer accept new orders.
At the time of this writing, the merchant’s site was not accessible.
On Tuesday, the UK retailer said talks with various parties interested in a possible sale of the company stalled after it failed to meet the timetable.
in the red
The company added that it is no longer in possession of any financing proposals or possible offers for a possible sale.
In September, the press was already talking about its intention to divest a third of its workforce (200 people) or even all or part of its activities.
Its latest results are in the red with a pre-tax loss of £35.3m for the six months to June 30, compared to £10.1m a year earlier.
Created over ten years ago, Made.com has made a name for itself in online furniture sales through an original offering developed by in-house designers. In 2020, the site even made its IPO in London, with an increase in turnover (250 million euros in 2019) and international presence.
Source: BFM TV
