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.
ADVERTISEMENT
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.
ADVERTISEMENT
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.”
ADVERTISEMENT
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
News
‘Remember to support genuine independents’ – Manchester’s rotisserie chicken bistro Tartuffe announces closure
Emily Sergeant
Rotisserie chicken bistro Tartuffe has called final orders on its time at popular city centre hangout, Side Street.
Serving some of the best rotisserie chicken in Manchester – ‘sexy chicken’, if you will – Tartuffe first landed at Side Street inside the ABC Building back in the later summer of 2024, and quickly became known and loved by critics and customers alike for not just their rotisserie options, but also their stylish bar snacks and standout sides.
But despite being a roaring success these past two years, Tartuffe took to social media this week to announce the end of the ‘longest pop-up ever’, with its final service being tomorrow (25 September).
Tartuffe will be leaving Side Street this Friday / Credit: The Manc Group
Announcing its closure on Instagram, Tartuffe wrote: “That’s right, our time at Side Street has come to an end and our final service here is this Friday.
“Sorry for the short notice, we only found out recently. Unfortunately, as we didn’t want to license our brand to a huge corporate company and sack all of our chefs, we’ve been served our notice.
“It’s been an incredible two and a half years cooking for the wonderful people of Manchester and we’re hugely thankful to everyone who’s been to see us whilst we’ve been here.
“Another big thanks to the staff at Side Street who we’ve loved working with. We’ve made some great friends and worked with some absolutely brilliant people.
“We’re going to be having a little bit of a break whilst we plan for Tartuffe part 2. It’s not a goodbye, it’s a see you soon.”
The statement then closed out with an emotional plea to the people of Manchester.
10 of the best new restaurants, bars and cafes to open in Greater Manchester recently
Clementine Hall
Manchester has welcomed a whole host of new places to eat and drink over the past couple of months – and there’s a LOT to be excited about.
It’s fair to say we all love our food, and here at The Manc, we certainly love writing about it.
So, allow us to indulge as we take you through some of our favourite new openings to have landed across Greater Manchester recently.
From a Latin BBQ restaurant making a splash in the Northern Quarter to a humble Vietnamese sandwich shop turning heads over in Didsbury, there’s been plenty to get excited about.
But consider this your warning: reading on may cause extreme hunger…
Kickback Coffee
11 Portland Street, M1 3HU
Images: The Manc Group
Kickback Coffee is the latest trader to open on bustling Portland Street, serving up flat whites, long blacks and iced drinks aplenty.
With their roastery hub based in Cheshire, this independent business puts their love of coffee at the forefront. If you’re looking for a really quality coffee, then this is your next stop.
Sandy’s Smoke Shed
Arch 121 Woollam Pl, Manchester M3 4JJ
Images: The Manc Group
Sandy’s Smokeshed has just opened in Castlefield, where Sam – and his smoker, Angela – are serving up serious Texas-style BBQ, with queues already stretching out the door.
The idea is simple: take great cuts of meat, cover them generously in seasoning, put them in the smoker and give them all the time they need.
Think eight-hour smoked beef chuck, brisket, short ribs, chicken and stellar sides.
Say hello to Sister Moon, a beautiful new restaurant bringing a taste of Southeast Asia to the city centre and the latest addition to Manchester’s Treehouse Hotel.
Here, all the dishes are cooked on open fire, including dishes like the fried pork skewers with banana ketchup and the grilled prawns with crispy chilli and garlic. Elsewhere on the menu you’ll find stars like the crispy pork belly and pomelo salad as well as the slow cooked lamb jungle curry (warning, this one’s got a kick).
Sister Moon is the new project from acclaimed chef Sam Grainger who you’ll know from Madre, and it’s just as good as you’d expect.
If you need a break from all that indulgent food and drink, then this new spot on Deansgate should be at the top of your list.
ADVERTISEMENT
Clean Greens is bringing health in the form of fresh salads, cold-pressed juices, matchas, coffee, and more. Their menu focuses on using clean ingredients without all the faff, and all served in a gorgeous setting – what more could you want?
Pranzo Italian
55 King St, Manchester M2 4LQ
Images: The Manc Group
Sometimes only a steaming hot bowl of homemade pasta will do, and you’ll find it at the new Pranzo Italian on King Street.
Here they’re using 70-year-old Calabrian recipes passed down from owner Marco’s Nonna, so it’s about as authentic as it gets. The pasta comes al dente, and they’re not scrimping on the portions or the flavour.
Dahlia Stereo has landed in the Northern Quarter, bringing Latin-inspired open-fire cooking, tequila and mezcal-led drinks, and a seriously impressive sound system under one roof.
Expect everything from achiote chicken and 400g churrasco steak to fresh tortillas, smoky sides, and house-made cocktails, with DJs keeping the vibe going late into the night.
If you love great food, good music, and a proper Manchester night out, this one looks well worth checking out.
This unassuming spot has been turning heads in Didsbury for its authentic, stacked Banh Mi sandwiches.
Everything is made fresh to order, with fillings like crispy pork belly, lemongrass crispy chicken, roast duck, ham, grilled beef, and tofu, plus traditional Vietnamese coffee with condensed milk.
Casa Papi
9 Woodford Road, Bramhall, Stockport SK7 1JN
Images: The Manc Group
There’s a new taqueria spot in Stockport that prides itself on using only the best of the best ingredients imported all the way from Mexico.
ADVERTISEMENT
Casa Papi is serving up tacos, rice bowls and plenty with your choice of slow-cooked birria beef, roasted chicken or sweet potato for the veggies. They’ve even got traditional blue-corn taco shells as an option too which are 100% gluten free and just as tasty as their flour-based cousins.
Arcadian
1C School Lane, Didsbury, M20 6RD
Images: The Manc Group
Beloved neighbourhood restaurant Hispi may have closed its doors, but its shoes have been filled pretty quickly with the delightful Arcadian stepping into its place.
A new-to-Manchester open-fire restaurant, with dishes cooked over wood, charcoal and open flame. The new concept sees the chefs themselves serving you your dinner, with plates like coal-seared beef tartare, grilled monkfish, and a Basque cheesecake with black cherries.
Bar Caput
71 Great Underbank, Stockport SK1 1PE
ADVERTISEMENT
Images: The Manc Group
Stockport has bid farewell to its only Michelin Bib Gourmand restaurant, with the team behind the acclaimed Cantaloupe pivoting to a totally new concept – and it’s a good’un.
Bar Caput has stepped into the unit, where it’s all about bringing the Roman culture of drinking and aperitivi to Great Underbank. That means crisp-based Roman-style pizzas, plus fritti, small plates, great wine, and bright cocktails.
Emily Sergeant -
9th November 2022 
