The online furniture retailer Made.com has collapsed into administration after weeks of speculation, putting about 500 jobs at risk and leaving customers disappointed.
The company’s brand, domain names and intellectual property were immediately bought by the fashion and homeware retailer Next.
It completes a reversal of fortunes for the London-based company, which was valued at almost £800m when it was listed on the stock exchange just over a year ago in the summer of 2021 and was vaunted as the future of furniture retail.
More details soon …
source: theguardian.com