The British online furniture retailer has since halted orders from customers in France, the United Kingdom and seven other European markets since Wednesday, October 26, after talks to find a buyer failed, Reuters reported.
On Tuesday (October 25), the company said talks with potential buyers had broken down. He warned the pure player that if no more bankroll is raised before his cash reserves are fully depleted, he will take “Appropriate measures to preserve value to creditors”.
And on Wednesday, Made.com said its operating subsidiary Made Design Ltd “has made the decision to temporarily hold new orders from customers.” for several hours, The French site (but also in English and the other 7 sites: Irish, German, Swiss, Spanish, etc.) is no longer available.
according to bloombergThe furniture specialist is no longer accepting new orders, indicating that it is about to close.
Made.com’s ownership rights were nearly wiped out. The pure player was listed on the London Stock Exchange in June 2021 with a value of £ 775 million ($897 million), but it was hit hard by supply chain issues and lower consumer spending.