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Made.com considering capital raise

Online furniture retailer Made.com has confirmed that it is considering a potential equity capital raising as it looks to strengthen its balance sheet. The news follows… View Article

HOME AND DIY RETAIL NEWS

Made.com considering capital raise

Online furniture retailer Made.com has confirmed that it is considering a potential equity capital raising as it looks to strengthen its balance sheet.

The news follows a report by Sky News yesterday that the company had appointed PwC as advisers and that it could seek to raise as much as £50 million through a share sale.

In a response to the press speculation, Made.com said today: “As indicated in the Q2 trading update, Made is considering all options to allow it to strengthen its balance sheet. Made confirms that these options include a potential equity capital raise. Made continues to consider its options and a further announcement will be made if and when appropriate.”

In July, Made.com revised its full year guidance due to weakened consumer confidence leading to reduced demand for discretionary big-ticket items. 

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