The online retailer Made says talks with potential buyers had failed, pushing it towards administration.
Online furniture retailer Made.com has stopped taking new orders after talks to find a buyer failed, pushing the firm towards collapsing.
The share price of the company, which employed around 700 staff at the end of last year, closed on Tuesday at just 0.5p a share, after dropping by more than 90%. Sales hit £315m in 2020, a year-on-year rise of 30%, and in the first three months of 2021 they grew by 63% to £110m.
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