THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Made.com reveal several offers as it seeks rescue deal

Troubled online retailers Made  has said it has recieved “a number of” non-binding indicative proposals as it seeks a rescue deal. After reviewing the proposals, the… View Article

HOME AND DIY RETAIL NEWS

Made.com reveal several offers as it seeks rescue deal

Troubled online retailers Made  has said it has recieved “a number of” non-binding indicative proposals as it seeks a rescue deal.

After reviewing the proposals, the board has invited” a select number of parties” to progress towards firm offers by the end of October, following a due diligence process, Made said on Monday.

Shares jumped almost one third higher on Monday morning in early trading, following the update.

There could be no certainty that an offer will be made, nor as to what the terms of any offer may be, as current talks may be altered or terminated at any time, Made added.

The board has already informed suitors that under current management plans, a stand-alone public company is anticipated to need aggregate funding of around £45-70m over the next 18 months.

On Monday, Made stated that any firm offer would require interim financing “at the time that firm offers are expected.”

It comes after the business announced plans last month to seek a potential sale after it was hammered by a slump in consumer spending as well as supply chain disruption.

Made said in September that it would also carry out a “strategic headcount review” as part of a broader review as it seeks to slash costs.

More recently, it said that up to £70 million in funding will be needed over the next 18 months to secure the future of the company.

Subscribe For Retail News