Made.com halts sales as it faces collapse
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Made.com has suspended sales as it teeters on the brink of collapse.
The online furniture business, which sells sofas, bean bags and antique brass lamps, shut down its website and stopped taking new orders yesterday.
If the business does not find a buyer or secure new funding before it runs out of cash it will collapse into administration.
Made.com has suspended sales as it teeters on the brink of collapse
The beleaguered furniture chain was set up in 2010 by Lastminute.com founder Brent Hoberman and French wellness businesswoman Chloe Macintosh, backed by entrepreneurs Ning Li and Julien Callede.
Made.com's mission was to make high-end designer furniture and homewares accessible to everyone and it was once hailed as transforming the way we buy furniture.
RELATED ARTICLES Share this article Share After Made joined the stock market, it was battered by the double whammy of supply chain chaos and a drop off in demand as the cost of living soars.
The collapse raises fears for Made's 650 staff who could lose their jobs as part of an administration process.
It also sparked worry among those with outstanding orders at the firm, who now may not get their furniture.
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DIY INVESTING PLATFORMS Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.
If you adored this post and you would such as to obtain more facts pertaining to Chronograph Pocket Watches (https://watchmuseum.org/is-a-pocket-watch-a-worthy-investment/) kindly browse through our site.
The online furniture business, which sells sofas, bean bags and antique brass lamps, shut down its website and stopped taking new orders yesterday.
If the business does not find a buyer or secure new funding before it runs out of cash it will collapse into administration.
Made.com has suspended sales as it teeters on the brink of collapse
The beleaguered furniture chain was set up in 2010 by Lastminute.com founder Brent Hoberman and French wellness businesswoman Chloe Macintosh, backed by entrepreneurs Ning Li and Julien Callede.
Made.com's mission was to make high-end designer furniture and homewares accessible to everyone and it was once hailed as transforming the way we buy furniture.
RELATED ARTICLES Share this article Share After Made joined the stock market, it was battered by the double whammy of supply chain chaos and a drop off in demand as the cost of living soars.
The collapse raises fears for Made's 650 staff who could lose their jobs as part of an administration process.
It also sparked worry among those with outstanding orders at the firm, who now may not get their furniture.
#fiveDealsWidget .dealItemTitle#mobile display:none
#fiveDealsWidget display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px
#fiveDealsWidget div, #fiveDealsWidget a margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif
#fiveDealsWidget .widgetTitleBox display:block; float:left; width:100%; background-color:#af1e1e;
#fiveDealsWidget .widgetTitle color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px;
#fiveDealsWidget a.dealItem float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;
#fiveDealsWidget a.dealItem#last margin-right:0
#fiveDealsWidget .dealItemTitle display:block; margin:10px 5px; color:#000; font-weight:bold
#fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img float:left; display:block; margin:0; padding:0
#fiveDealsWidget .dealItemImage border:1px solid #ccc
#fiveDealsWidget .dealItemImage img width:100%; height:auto
#fiveDealsWidget .dealItemdesc float:left; display:block; color:#004db3; font-weight:bold; margin:5px;
#fiveDealsWidget .dealItemRate float:left; display:block; color:#000; margin:5px
#fiveDealsWidget .dealFooter display:block; float:left; width:100%; margin-top:5px; background-color:#e3e3e3
#fiveDealsWidget .footerText font-size:10px; margin:10px 10px 10px 10px;
@media (max-width: 635px)
#fiveDealsWidget a.dealItem width:19%; margin-right:1%
#fiveDealsWidget a.dealItem#last width:20%
@media (max-width: 560px)
#fiveDealsWidget #desktop display:none;
#fiveDealsWidget #mobile display:block!important
#fiveDealsWidget a.dealItem background-color: #fff; height:auto; min-height:auto
#fiveDealsWidget a.dealItem border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px
#fiveDealsWidget a.dealItem#last border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px
#fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last width:100%
#fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage float:left; display:inline-block
#fiveDealsWidget .dealItemImage width:35%; margin-right:1%
#fiveDealsWidget .dealItemContent width:63%
#fiveDealsWidget .dealItemTitle margin: 0px 5px 5px; font-size:16px
#fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate clear:both
DIY INVESTING PLATFORMS Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.
If you adored this post and you would such as to obtain more facts pertaining to Chronograph Pocket Watches (https://watchmuseum.org/is-a-pocket-watch-a-worthy-investment/) kindly browse through our site.
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