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Evening Standard
Evening Standard
Business
Simon Hunt

Made.com quits search for rescue buyer after pausing customer orders

Made Brent Hoberman Ning Li Madecom

Online furniture retailer Made.com has launched a ‘headcount review’ (Made.com/PA)

Embattled furniture retailer Made.com has edged another step closer to the brink as it confirmed it had abandoned a search for a rescue buyer after admitting that “there is no reasonable prospect” an offer will be forthcoming.

Yesterday the business said it had suspended taking new orders from customers. Made later confirmed it was no longer able to accept returns, offer refunds or cancel orders of existing customers.

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