Made is a furniture retailer primarily operating online and offering designer furniture at lower prices by grouping customer orders together and sourcing directly from overseas. To set itself apart, the retailer marries up its slick ecommerce platform with inspirational content and stylish products. A unique element is its crowdfunding platform, which allows shoppers to place pre-orders on one-of-a-kind items that are only manufactured if it reaches the funding goal. The retailer also operates three showrooms across the UK, where customers can browse and interact with products before committing to purchasing online. Made is present online in more than 10 European countries and has opened showrooms in Lyon, Amsterdam, Hamburg and Stockholm.
Made.com will be placed into members’ voluntary liquidation to formally wind up the company, a shareholder vote on the future of the company has concluded.
Trouva, the online marketplace for independent brands, has been bought by Cambridge-based digital personal shopping platform Re:store for an undisclosed sum.
Tens of thousands of Made.com customers will collectively lose out on £12m worth of deposits made around the time the retailer collapsed into administration.
The performance of the wave of retail initial public offerings (IPOs) in the past couple of years has been the worst advert imaginable for the industry.
Hundreds of unsecured creditors to Made.com will receive less than 2% of the £187m owed to them by the collapsed homewares business.
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