On one’s last legs?  Online furniture seller Made.com is no longer accepting new orders

On one’s last legs? Online furniture seller Made.com is no longer accepting new orders

According to Bloomberg, the furniture specialist is no longer accepting new orders, indicating that it is close to closing.

The situation seems to be deteriorating further at Made.com, a British pure-player in the online sale of furniture. According to Bloomberg, the sign would be on the verge of bankruptcy and would no longer accept new orders.

At the time of writing these lines, the merchant site was indeed not accessible.

On Tuesday, the UK retailer said talks with a number of parties interested in a potential sale of the company have stalled after it was unable 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 potential sale.

“The Company may determine that it is appropriate to seek a suspension of trading of the Company’s ordinary shares on the main market of listed securities of the London Stock Exchange,” Made.com said in a statement.

In September, the press was already talking about its intention to part with 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 £35.3million for the six months to June 30, compared to £10.1million a year earlier

Created more than ten years ago, Made.com has made a name for itself in the sale of furniture online through an original offer 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 an international presence.

Olivier Chicheportiche Journalist BFM Business