Made.com goes bust, with 400 jobs axed at beleagurered furniture seller

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Made.com goes bust, with 400 jobs axed at beleagurered furniture seller
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Furniture retailer Made goes bust - and all 600 jobs are at risk at the beleagurered furniture seller

Next bought the company, which was valued at £775 million just two years ago, for just £3 million - including its brand, websites and intellectual property.

PwC said on Wednesday that "a small number of employees" were kept on "to support the orderly closure of the business." "We appreciate and deeply regret the frustration that MDL going into administration will have caused for everyone."The news is a particular fall from grace for Made, which listed on the London Stock Exchange with promises of accelerated growth and leading the online furniture market.

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