Made.com Seeks Buyer as Inflation Hits Furniture Demand
- Sales of furnishings have plunged after work-from-home boom
- Shares fall 30% as company withdraws financial guidance
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Online furniture store Made.com Group Plc put itself up for sale after the cost-of-living crisis and supply-chain snarls severely disrupted a business that boomed during Covid-19 lockdowns.
The UK company kicked off a strategic review, saying it hasn’t received any formal offers. Made.com said it’s considering debt financing, taking on a business partner or a complete sale or merger.