Sales of the company’s items are expected to begin by the end of November, a few weeks after it filed for bankruptcy.
Beds, tables, sofas… Made.com enthusiasts will be able to afford its products one last time. A few weeks after filing for bankruptcy, the company’s stocks will soon be put up for sale, by British auction house John Pye Auctions. Sales of thousands of furniture and objects are expected to begin by the end of November.
This operation should make it possible to reimburse Made.com’s creditors. The online furniture retailer went into administration in early November, and at least 400 employees were laid off. The British clothing giant Next took the opportunity to buy Made’s brand, domain names and intellectual property for 3.4 million pounds, but without taking over the furniture stocks.
Read alsoOnline furniture seller Made on the brink of bankruptcy filing
Made.com, known for its comfy colorful velor sofas, has seen a reversal of fortunes since its June 2021 IPO. procurement, the company’s situation has become financially unsustainable.
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