No staff are to be retained as Next snaps up parts of the broken online furniture business.
Made.com has entered administration with the loss of all 500 jobs in the business.
There was initially no news on how many, if any, workers would be saved when it was confirmed that the online furniture retailer's operating subsidiary had officially collapsed and that rival Next had snapped up the brand, its website and intellectual property. Administrators at PricewaterhouseCoopers were beginning the task of selling the company's other assets and paying off its debts to creditors.
The parent firm's stock market listing was expected to be cancelled, just over a week after trading inChief executive, Nicola Thompson, said:"I would like to sincerely apologise to everyone - customers, employees, supplier partners, shareholders and all other stakeholders - impacted as a result of the business going into administration.
"Made is a much loved brand that was highly successful and well adapted, over many years, to a world of low inflation, stable consumer demand, reliable and cost efficient global supply chains and limited geo-political volatility.
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