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Online furniture company Made.com stops selling because it threatens to collapse with 650 employees on the line
- The online furniture company, which sells sofas, bean bags and antique brass lamps, has closed its website and stopped taking new orders yesterday
- If the company doesn’t find a buyer or get new financing before it runs out of money, it goes into administration
- The beleaguered furniture chain was founded in 2010 by Lastminute.com founder Brent Hoberman and French wellness businesswoman Chloe Macintosh
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Made.com has suspended sales as it is on the brink of collapse.
The online furniture company, which sells sofas, bean bags and antique brass lamps, closed its website and stopped taking new orders yesterday.
If the company doesn’t find a buyer or get new financing before it runs out of money, it falls under administration.
Made.com has suspended sales due to collapse
The beleaguered furniture chain was founded in 2010 by Lastminute.com founder Brent Hoberman and French wellness businesswoman Chloe Macintosh, supported by entrepreneurs Ning Li and Julien Callede.
Made.com’s mission was to make high-quality designer furniture and homeware accessible to everyone and it was once hailed as transforming the way we buy furniture.
After Made’s entry into the stock market, it was battered by the double whammy of supply chain chaos and a slump in demand as the cost of living rises.
The collapse sparks fears for Made’s 650 employees who could lose their jobs as part of an administrative process. It also raised concerns among those with pending orders with the company, who may now not be getting their furniture.