Online furniture retailer Made.com has put itself up for sale after concluding that it would be unable to raise fresh equity to help sustain a business hit by a collapse in UK consumer confidence and supply chain disruption.
Having gone public last year, Made.com warned on profits in July and last month said it would need to raise more cash. The company on Friday said that it would look at a range of options, including a sale and possible debt financing.
“The prevailing conditions are not supportive at the current time of raising sufficient equity from public market investors,” Made said in a statement.
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