The crisis-ridden British online furniture retailer Made.com is threatened with insolvency. The board of directors wants to appoint appropriate administrators, the company wrote in a press release on Tuesday. The management consultancy PricewaterhouseCoopers (PwC) is planned for this. A few days ago, the online retailer stopped new orders on its website, and the shares were also taken off the stock exchange on Tuesday.
The previous attempt to find a buyer for the company had been unsuccessful. In recent months, Made.com said it would need an investment of £70m to sustain itself over the next year and a half, according to the PA news agency.