MADE.com confirms Nicola Thompson as permanent CEO as retailer sees results beaten by freight inflation March 8, 2022 Retail giant MADE.com has confirmed this morning that Nicola Thompson, the current interim CEO, is set to become the permanent CEO with immediate effect. It comes after former chief Philippe Chainieux left the post last month because of family reasons. Susanne Given, Chair of MADE, commented on Thompson’s appointment: “The Board is delighted to confirm [...]
Made.com sees sales jump but still turns a loss in H1 2021 September 14, 2021 Homeware retailer Made.com saw gross sales jump by 54 per cent in the first half of the year, but the company struggled to balance the books. While sales topped £213.9m the company’s loss before tax stood at £10.1m, a 34 per cent improvement on the first half of 2020 when Made.com lost £15.2m. EBITDA climbed [...]
Made.com shares fall after £775m London IPO June 16, 2021 Shares in Made.com fell in their debut this morning after the furniture retailer listed in a £775m London initial public offering. The online furniture brand, which has enjoyed rapid sales growth during the pandemic, set its offer price at 200p per share. This will give the company a market capitalisation of roughly £775m. It was [...]
Made.com: Online furniture seller plots London IPO May 25, 2021 Made.com has unveiled plans for an initial public offering in London after cashing in on rapid growth during the pandemic. The online furniture retailer today said it will seek to raise roughly £100m through the issue of new shares, while the float will include an offer of shares to be sold by existing shareholders. The [...]
Made.com: Online retailer confirms plans to raise £100m in London IPO June 1, 2021 Made.com has confirmed plans to list in London later this month after capitalising on the shift to e-commerce during the pandemic. Last week the online furniture retailer unveiled plans for a float and today confirmed it plans to raise £100m, and the offer will include an offer of existing shares to be sold by existing [...]
Made.com considers public listing amid pandemic boom February 12, 2021 Online retailer Made.com is said to be mulling an IPO after a bumper year of sales amid the pandemic. The furniture specialist is in talks with banks about its options, which could include a public listing valuing the company at more than £500m, according to Sky News. City A.M. understands Made.com has not yet appointed [...]
Made.com doubles London warehouse space with new 350,000 sq ft site, creating 100 jobs May 4, 2021 Online retailer Made.com has announced it will more than double its London warehouse space to meet consumer demand for furniture and homewares. The 350,000 sq ft distribution centre at London Gateway Logistics Park in Tilbury is part of Made’s growth plans and will create up to 100 new jobs. The development, which will be completed [...]
Online retail firms in trouble as punters turn back to the high street June 19, 2023 E-commerce retailers which were bolstered by Brits stuck at home during the pandemic are now going bust, a new report shows, as the cost of living crisis continues to eat away at businesses. The number of insolvencies of UK e-commerce businesses rose 71 per cent to 529 in the past year, up from 309 in [...]
Cath Kidston: Next looks set to pick up troubled vintage staple March 28, 2023 High street giant Next is reportedly in talks to pick up the vintage-inspired Cath Kidston chain. According to reports from Sky News’ Mark Kleinman late on Monday evening, Next – which has been on an acquisition spree in recent months, picking up Made.com and Joules – is set to add the brand to its growing [...]
Wolfson does it again? Next beats revenue expectations despite recession fears May 4, 2023 Next remained confident in front of investors this morning with better than expected sales in the first three months of the year.