The Board of MADE is pleased to provide an update on its formal sale process.
Further to the announcement on 4 October 2022, the Board of MADE has received a number of non-binding indicative proposals (the “Proposals”). Having reviewed these Proposals the Board has invited a select number of parties to progress towards firm offers by the end of October, following a due diligence process. The Proposals provide a range of different transaction structures, including possible offers for the issued and to be issued share capital of the Company.
Based on the working capital requirements of the Group, any firm offer would require interim financing to be put in place at the time that firm offers are expected, which the parties involved in the process are aware of.
Current discussions may be altered or terminated at any time and, accordingly, there can be no certainty that an offer will be made, nor as to what the terms of any offer may be.
The Board will continue to update shareholders further as appropriate.
Enquiries:
Nicola Thompson, Chief Executive Officer
Patrick Lewis, Chief Financial Officer
Phil Clark, Investor Relations
Brunswick Group
Sarah West
Diana Vaughton
+44 207 404 5959
About MADE
MADE is the leading digitally native lifestyle brand in home, disrupting the industry with high-quality, exclusive designs underpinned by a responsible, small-batch production model, enabling customers to realise the vision of their homes.
In addition to its in-house design team and collaborations with leading designers, MADE champions independent talent, offering them a platform and access to a scalable supply chain that makes their ideas reality. These partners bring their unique perspective in the creation of bold statement collections and work with MADE to produce iconic designs.
Operating at the intersection of design and technology, proprietary algorithms take consumers on a journey: from outreach that makes designs discoverable to a frictionless digital shopping experience. Combined with an innovative ‘just-in-time’ order model, MADE provides a fresh and ever-changing range, with nine new collections launched every week and more than 8,000 active SKUs in the catalogue as at 30 June 2022.
Founded in 2010, MADE sells its products across the United Kingdom, Germany, Switzerland, Austria, France, Belgium, Spain, Ireland and the Netherlands via its e-commerce platform. The brand also has seven showrooms across Europe, with flagship brand experiences in London and Paris.
