27th Oct 2022 14:48
Made.com Group PLC - London-based furniture retailer - Ends formal sale process, as determines "there is no reasonable prospect that an offer" will be made for the company. Says no longer in an offer period as a result. On Wednesday, operating subsidiary Made Design Ltd stopped taking new customer orders "in order to preserve value for [Made] creditors". On Tuesday, shares had dropped by 90% after Made said it is "no longer in receipt of funding proposals or possible offers" to buy the company, as discussions with potential suitors hadn't proceeded quickly enough. Read More
