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UK Furniture Seller Made.com Appoints Administrators, Shares Delisted

By
Ann Gehan
· · Source: Bloomberg

Made.com said it plans to appoint administrators, marking a dramatic downfall for the British online furniture seller, which went public just last year. After issuing three profit warnings earlier this year, Made.com put itself up for sale in September, but failed to find a willing buyer. The company also said in September that it was considering job cuts and other options including debt...

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Illustration by Clark Miller.
Opinion startups
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Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be.
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