Online furniture retailer Made is apparently on the verge of bankruptcy

The online furniture retailer Made has been in crisis for some time. The company is now on the brink of bankruptcy. Orders, pending deliveries and refunds are currently not possible, according to Made. The backgrounds.

Made.com faces bankruptcy. The online furniture retailer, which has been in crisis for some time, recently stopped all new orders. Now the company explained in a official statement his intention to appoint an insolvency administrator.

Made.com faces bankruptcy

Due to the current situation, Made is currently not able to accept new orders or deliver outstanding orders. In addition, the online furniture retailer cannot process returns, refunds or order cancellations. The company stated:

We recognize that this is frustrating for all of our customers and we sincerely and deeply regret this situation. We will do everything we can to achieve the best possible result for our customers, suppliers and employees.

According to its own statements, Made had recently examined all options to avert the impending insolvency. However, the efforts were apparently in vain. The company has not yet been able to find a buyer. The online furniture retailer is now likely to be placed under receivership and has already announced its intention to appoint an insolvency administrator.

700 jobs threatened, stock trading suspended

Made only dared to go public around two years ago. Since then, the company has lost significant value. Due to current developments, trading in the securities has now been suspended. In the past few months, both falling consumer behavior and delivery problems had hit the furniture retailer hard.

According to reports, 700 jobs are threatened by bankruptcy. The company is still looking for ways to avoid a complete collapse. However, given the current economic situation, the chances of a short-term rescue are probably slim.

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