Online furniture and homeware retailer MADE.com has this morning confirmed that it has entered into administration.
The collapse of the company comes after the retailer – which was founded back in 2010 by Brent Hoberman, the Lastminute.com co-founder, and Chinese entrepreneur Ning Li – went public last year with a valuation of £775 million following what was said to be a “stellar sales performance” during the COVID-19 pandemic.
Sales then began to fall away, however, when COVID restrictions came to an end and customers started to complain about the long waits and delayed deliveries for their orders.
MADE.com suspended trading shares over a week ago, and its market value then slumped to £2.1 million.
Up to 500 jobs are now believed to be at risk following the collapse.
News that that MADE had filed a notice of intention to appoint administrators, and that the company was “exploring all options” – including an accelerated sale of all of parts of the business – began circulating last week.
Online furniture retailer MADE has entered into administration / Credit: made.com
Administrators at PricewaterhouseCoopers (PWC) were beginning the task of selling the company’s other assets and paying off its debts to creditors – but now it’s been announced that the company has officially entered into administration.
It has also been confirmed today that rival retailer Next has snapped-up the MADE.com brand, its website, and intellectual property.
Speaking as the business goes into administration, Nicola Thompson – Chief Executive of MADE.com – said: “I would like to sincerely apologise to everyone – customers, employees, supplier partners, shareholders and all other stakeholders – impacted as a result of the business going into administration.
“Made is a much loved brand that was highly successful and well adapted, over many years, to a world of low inflation, stable consumer demand, reliable and cost efficient global supply chains and limited geo-political volatility – but that world vanished, the business could not survive in its current iteration, and we could not pivot fast enough.”
The retailer has shared a message of its notice of intention to appoint administrators on its website / Credit: made.com
Ms Thompson confirmed that the brand “will now continue under new owners.”
Co-founder Ning Li said shortly before the firm’s collapse that he had submitted three proposals to MADE.com’s board and PwC to buy back the company, but he claimed his offer had been rejected.
He wrote in a statement on LinkedIn: “Apparently, it would be preferable to break the company up and sell it in pieces to generate a little more cash.
“It makes no sense to me, but I wanted you to know that I really tried.”
Featured Image – made.com
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Bob Vylan dropped from Manchester music festival following Glastonbury controversy
Danny Jones
English punk rap duo Bob Vylan have been dropped from an upcoming music festival in Manchester following the recent controversy surrounding their set at Glastonbury 2025.
The media storm surrounding their much-talked-about and heavily televised Glasto appearance has seen them reportedly dropped by their agency and their US Visas cancelled, along with multiple concerts – one of those being right here in Greater Manchester.
Bob Vylan were scheduled to play RADAR Fest at Victoria Warehouse in Stretford this weekend, but now the organisers have informed gig-goers that the artists will not be performing in their planned slot on Saturday.
The alternative music event did provide any additional details, posting nothing but this image:
For anyone unaware, Vylan were heavily criticised for the pro-Palestine chants, which Glastonbury itself has deemed as having “crossed a line”, labelling the chants against the Israel Defence Forces (IDF) as antisemitic.
Prime Minister Sir Keir Starmer has also commented on the situation.
In addition to RADAR, Vylan were also due to appear at Kave Fest in France the following Sunday, 6 July, but the music event has also decided not to host them.
The BBC also opted not to broadcast Northern Irish band Kneecap as part of their coverage this year, as the Belfast rap trio have also been outspoken on the issue, among many other musicians of late.
Responding to the decision on social media not long after the news broke, the act simply shared the post on their Instagram story along with the caption: “Silence is not an option. We will be fine, the people of Palestine are hurting. Manchester, we will be back.”
Trafford Centre launches school uniform drive to help disadvantaged Manchester families
Emily Sergeant
A school uniform drive has been launched at the Trafford Centre to support local families ahead of the new school year.
With schools across Greater Manchester soon set to be out for the summer holidays, many parents, guardians, and carers in the region may be looking ahead to the new school year in September, concerned about how they may be able to provide their children with the necessary uniform items needed.
According to a 2020 survey by The Children’s Society, 23% of parents reported that the cost of school uniforms led to their children wearing ‘ill-fitting, unclean, or incorrect’ items.
It’s these statistic that highlight the ongoing pressure faced by families.
This is why the Trafford Centre has partnered with both Manchester South Central Foodbank and local charity, Bridging the Gap, to launch a school uniform donation drive aimed at supporting more than 700 children across Manchester this summer.
The Trafford Centre launches a school uniform drive to help disadvantaged Manchester families / Credit: Trafford Centre
From now up until the 15 August, anyone heading to the region’s largest shopping centre is encouraged to donate new or pre-loved school uniforms.
“The cost of living crisis has deeply impacted our community, with more and more families unable to afford the essentials,” commented Emily Jeremy, who is the Assistant Project Manager at Manchester South Central Foodbank.
“As an anti-poverty charity, we recognised the need for school uniform support years ago. Though costs vary between schools, a full set of branded secondary school uniform can total around £150, which is a significant burden for many households.”
All items can be donated at the shopping centre’s Guest Services point / Credit: Darren Robinson Photography | Trafford Centre (Supplied)
Simon Layton, Centre Director at the Trafford Centre, added: “We’re proud to be working alongside Bridging the Gap and Manchester South Central Foodbank to support local families during these challenging times.
“School uniforms shouldn’t be a barrier to education, and we hope this initiative will ease some of the pressure many parents face as the new school year approaches.”
The school uniform donation drive is running up until 15 August.
All items can be taken to the Trafford Centre’s Guest Services Lounge, which is located on Lower Regent Crescent next to M&S, and they must be clean and free from stains or damage.