Made hoists For Sale sign

Little after a year after being valued at £775m, Made.com has put itself up for sale with investors valuing it at £17.5m.

The etailer says it has been hit by falling consumer confidence and a ‘increased need’ to sell the excess stock it built up at a discount.

It says after deciding it would be unable to raise capital from shareholders, it will look at a sale, a merger, outside investment or debt financing.

It will begin a consultation with head office staff as it looks to further cut costs.

Made’s share price dropped by 23% on the news.

Pictured is its share price since its floatation in June 2021.

Made Shareprice 23Sep22

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