Beds, tables, sofas… Made.com fans will be able to afford its products for the last time. A few weeks after filing for bankruptcy, the company’s shares will soon be put up for sale by British auction house John Pye Auctions. Thousands of furniture and objects are expected to go on sale at the end of November.
This action is intended to provide compensation to Made.com’s creditors. The online furniture retailer went into administration in early November and at least 400 staff were made redundant. British clothing giant Next took the opportunity to buy Made’s brand, domain names and intellectual property for £3.4m, but without taking the furniture stock.
Made.com, known for its comfortable colorful velvet sofas, has been financially unstable since its IPO in June 2021.
Source: Le Figaro
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