Made.com close to collapse as rescue talks end without buyer

Furniture company’s shares plunge 90% as it says no potential buyers were able to meet deadline

Made.com has moved closer to collapsing into administration, after rescue talks to find a buyer for the struggling online furniture business failed.

The company, known for its fashionable homeware including velvet sofas, lighting and rattan furniture, announced at the start of October that it was in discussions with a number of interested parties. It had set a deadline for receiving firm offers of the end of the month.

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​Furniture company’s shares plunge 90% as it says no potential buyers were able to meet deadlineMade.com has moved closer to collapsing into administration, after rescue talks to find a buyer for the struggling online furniture business failed.The company, known for its fashionable homeware including velvet sofas, lighting and rattan furniture, announced at the start of October that it was in discussions with a number of interested parties. It had set a deadline for receiving firm offers of the end of the month. Continue reading…