Made.com stops taking orders as online furniture store faces collapse


One of our favorite online retailers, Made.com, has stopped taking orders, casting an uncertain shadow over the future of the brand.

Today, the chic furniture store, known for setting up many decoration trends, announced that its operating subsidiary Made Design Ltd “has taken the decision to temporarily suspend new orders from customers”. The decision comes amid administrative concerns for the brand.

If you tried to visit the Website Made.com (opens in a new tab) this morning, you would have been greeted with the message: “Sit well, we will be back soon”.

The proven MADE Haru sofa bed

(Image credit: MADE)

Made.com has long been one of our favorite brands at Ideal Home. It has established itself as a cult furniture brand, thanks to its coveted range of velvets canapes, stylish rattan home accessories and contemporary lighting. However, in early October, he announced he was in bailout talks with buyers.

The company had set a deadline for receiving firm offers to help the company at the end of the month. However, after talks with a potential buyer broke down this week, the brand decided to suspend orders and appears to be on the verge of collapse without further intervention.

In a statement to the stock exchange, Made.com said: “If no additional funding can be raised, or if a firm offer for the company is not received before the company’s cash reserves are fully depleted, the board of directors will take the appropriate measures to preserve the value for creditors.’

A pair of green leafy plants in brass pots on a gray unit

(Image credit: Made.com)

In September, Made.com had already warned of possible job cuts of 35% of its workforce and a possible sale reported the FinancialTimes (opens in a new tab). In a statement released in September, the brand blamed the decline on the cost of living crisis. Citing that the decline in customer spending on the site was linked to soaring inflation and declining consumer confidence.

It’s a shocking turn of events after Made.com thrived during the pandemic, coming to the rescue of many people using the lockdown time to transform their homes. However, in just 18 months, shares of Made.com went from a listing price of 200p to less than 1p.

We’ll keep you posted as the story develops.

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