Inactive Instrument

MADM GROU

Equities

MADE

GB00BNXM7M46

UK's Made.com terminates talks with interested parties for potential sale

October 25, 2022 at 08:39 pm IST

(Reuters) - British online furniture retailer Made.com Group said on Tuesday talks with a number of interested parties for a potential sale of the company have been terminated after they were unable to meet the timetable.

The company added it is no longer in receipt of funding proposals or any possible offers for a potential sale.

"The company may determine that it is appropriate to request a suspension of listing of the company's ordinary shares on the London Stock Exchange's Main Market for listed securities," Made.com said in a statement.

(Reporting by Amna Karimi in Bengaluru; Editing by Krishna Chandra Eluri)

Latest news about MADM GROU

FCA opens investigation into EY's audit of troubled Made.com accounts	20/23/20	AN
Made.com Group Delists from London Stock Exchange	18/23/18	MT
MarketScreener's World Press Review : November 9, 2022	09/22/09
Next to Pay $4 Million to Purchase Made.com from Administrators	09/22/09	MT
UK shares dip ahead of election results, inflation data	09/22/09
TOP NEWS: Next snaps up Made.com assets after sofa seller collapses	09/22/09	AN
LONDON MARKET OPEN: Stocks falter on China Covid fears; US vote eyed	09/22/09	AN
UK's Next to Take Over Collapsed Furniture Retailer Made.com	09/22/09	MT
Britain's Next buys failed furniture retailer Made.com, 400 jobs axed	09/22/09	RE
UK's Next to buy Made.com as furniture retailer enters administration	09/22/09	RE
UK's Next set to buy British furniture retailer Made.com - Bloomberg News	09/22/09	RE
Former CEO says plan to rescue British furniture retailer Made.com fails	07/22/07	RE
TRADING UPDATES: Alternative Income assets rise; Ironveld signs deal	02/22/02	AN
Made.com Suspends Trading in London, to File for Administration	01/22/01	MT
British furniture retailer Made.com to appoint administrators	01/22/01	RE
An unknown buyer acquired a 5.29% stake in Made.com Group Plc from Wishbone Management, LP.	28/22/28	CI
IN BRIEF: Made ends formal sale process as sees no prospect of offer	27/22/27	AN
Made.com Group Terminates Formal Sales Process; Shares Up 7%	27/22/27	MT
Made.com Group Announces Termination of Formal Sale Process	27/22/27	CI
IN BRIEF: Made.com stops taking customer orders amid funding crisis	26/22/26	AN
SMALL-CAP WINNERS & LOSERS: Hochschild finds deposit; Made.com drops	26/22/26	AN
British furniture retailer Made.com stops taking orders	26/22/26	RE
Made.com Unit To Potentially Halt New Customer Orders Amid Failed Talks With Potential Suitors	26/22/26	MT
LONDON MARKET CLOSE: Pound strengthens as new UK PM promises stability	25/22/25	AN
Made.com shares plummet as takeover talks fail and mulls suspension	25/22/25	AN

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Company Profile

MADE.COM Group Plc is a United Kingdom-based company that is primarily engaged in the online retail of furnishings and homeware. The Company operates through two segments: UK operations and Continental Europe operations. It sells its products across the United Kingdom, Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands through its e-commerce platform. The Company's brand also has over seven showrooms globally. It has warehouses in the United Kingdom and Antwerp distributed across seven countries in Continental Europe. It collaborates with designers, influencers and artists. The Company also collaborates directly with approximately 150 external designers and artisans.

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