Online homeware company Made.com is set to appoint administrators after rescue talks to find a buyer for the group failed. Shares in the London-listed group have been suspended and the company’s operating arm, Made.com Design Ltf (MDL) has filed a notice to appoint administrators, with PricewaterhouseCoopers lined up.
The firm, which employs up to 700 staff, has offices in London, Paris, Berlin, Amsterdam, China and Vietnam. It does have one store in London, although it is primarily an online retailer.
Made.com recently halted orders to new customers after abandoning hopes of getting a buyer to save it and inject the cash needed to stay afloat. The furniture company said: “In light of MDL’s requirement for further funding, and in order to preserve value for its creditors, the board of MDL took the decision on 26 October 2022 to temporarily suspend new customer orders.
