This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.bbc.co.uk/news/business-63539652

The article has changed 12 times. There is an RSS feed of changes available.

Version 5 Version 6
Made: Customers in the dark over refunds as firm goes bust Made: Customers in the dark over refunds as firm goes bust
(35 minutes later)
Online furniture retailer Made.com has gone into administration, leading to hundreds of job losses and leaving customers in the dark over refunds.Online furniture retailer Made.com has gone into administration, leading to hundreds of job losses and leaving customers in the dark over refunds.
The administrators PWC said there will 399 job losses, most of which are redundancies announced today.The administrators PWC said there will 399 job losses, most of which are redundancies announced today.
79 employees who had resigned and were working their notice have also been let go.79 employees who had resigned and were working their notice have also been let go.
Because of the firm's collapse a large number of orders - about 12,000 for the UK - cannot be completed and delivered.Because of the firm's collapse a large number of orders - about 12,000 for the UK - cannot be completed and delivered.
Next is buying Made's brand name, website and intellectual property for £3.4m, although it will not be buying the remaining stock.Next is buying Made's brand name, website and intellectual property for £3.4m, although it will not be buying the remaining stock.
It is thought about 74 staff will stay on to help, while it is unclear what the outcome is for some 100 overseas staff employed by Made.com.It is thought about 74 staff will stay on to help, while it is unclear what the outcome is for some 100 overseas staff employed by Made.com.
The trend-led retailer enjoyed soaring sales of furniture during Covid lockdowns, but hit problems as households cut back.
Susanne Given, chair of Made, said: "Having run an extensive process to secure the future of the business, we are deeply disappointed that we have reached this point and how it will affect all our stakeholders, including employees, customers, suppliers and shareholders."
She added: "We appreciate and deeply regret the frustration that [Made.com] going into administration will have caused for everyone."
Orders and refunds
Thousands of customers also face uncertainty over whether they will receive their outstanding furniture orders.Thousands of customers also face uncertainty over whether they will receive their outstanding furniture orders.
Around 4,500 customer orders in the UK and Europe are currently with carriers, on their way to shoppers. One customer, Natalie, is awaiting an update from Made.com customer service.
Natalie, 38, from County Antrim, was waiting for a £1,800 refund from Made.com when she received news that the firm had collapsed.
"I ordered a left-hand version of a sofa. Instead, I received two parts of the wrong sofa, which didn't even fit together!", said Natalie.
She has appealed to her lender to ask if they can help and has had to order another sofa in the meantime.
Orders and refunds
Around 4,500 customer orders in the UK and Europe are currently with carriers, on their way to Made.com shoppers.
But about 12,000 orders for the UK cannot be completed and delivered to customers, and they will not get a refund from the firm after its collapse.But about 12,000 orders for the UK cannot be completed and delivered to customers, and they will not get a refund from the firm after its collapse.
Lisa Webb, consumer rights expert at Which?, said for customers with outstanding orders, exercising their rights is not always straightforward.Lisa Webb, consumer rights expert at Which?, said for customers with outstanding orders, exercising their rights is not always straightforward.
"Many customers could find themselves in a situation where items have not been delivered. It is always worth trying to claim for a refund in this situation, but customers should know it is not guaranteed," she said."Many customers could find themselves in a situation where items have not been delivered. It is always worth trying to claim for a refund in this situation, but customers should know it is not guaranteed," she said.
She pointed out that if customers bought an item costing more than £100 on their credit card, that card provider is jointly responsible.She pointed out that if customers bought an item costing more than £100 on their credit card, that card provider is jointly responsible.
In that case, consumers can claim under Section 75 if an item is faulty or not delivered, and if it cost less than £100 and a credit or debit card was used, they might be able to claim the amount back via a chargeback through their bank.In that case, consumers can claim under Section 75 if an item is faulty or not delivered, and if it cost less than £100 and a credit or debit card was used, they might be able to claim the amount back via a chargeback through their bank.
Made ex-boss says offer to save company ‘rebuffed’Made ex-boss says offer to save company ‘rebuffed’
Pandemic furniture star Made.com nears collapsePandemic furniture star Made.com nears collapse
The chief executive of Made, Nicola Thompson, apologised to everyone affected by the business going into administration, adding that the firm had "fought tooth and nail" to avoid this outcome.The chief executive of Made, Nicola Thompson, apologised to everyone affected by the business going into administration, adding that the firm had "fought tooth and nail" to avoid this outcome.
She described Made.com as a "much-loved brand" that had thrived in a world of lower prices, stable demand from its customers and reliable supply chains.She described Made.com as a "much-loved brand" that had thrived in a world of lower prices, stable demand from its customers and reliable supply chains.
But she continued: "That world vanished, the business could not survive in its current iteration, and we could not pivot fast enough. The brand will now continue under new owners."But she continued: "That world vanished, the business could not survive in its current iteration, and we could not pivot fast enough. The brand will now continue under new owners."
It is a dramatic change in fortunes for the brand, which boomed during the pandemic-related lockdowns as people bought more furniture and other products online.It is a dramatic change in fortunes for the brand, which boomed during the pandemic-related lockdowns as people bought more furniture and other products online.
The retailer, which sourced furniture directly from designers and manufacturers, gained a loyal base of mostly younger customers. Last year, it was valued at £775m after floating on the London Stock Exchange.The retailer, which sourced furniture directly from designers and manufacturers, gained a loyal base of mostly younger customers. Last year, it was valued at £775m after floating on the London Stock Exchange.
But more recently the company hit problems, as households cut back on big-ticket purchases. Global supply chain issues have also left customers waiting months for deliveries.But more recently the company hit problems, as households cut back on big-ticket purchases. Global supply chain issues have also left customers waiting months for deliveries.
Made.com had already halted new orders recently and said it is currently not offering refunds or accepting returns from customers, although it is still intending to fulfil previous orders. Made.com had already halted new orders recently and said it is currently not offering refunds or accepting returns from customers, although it is still intending to fulfil some previous orders.
Sarah, 46, from York, told the BBC that she has been waiting for 14 weeks for a sofa bed that has not yet arrived.
After paying £270 and receiving a notification that the item had been shipped, she says she has not heard from the company.
Sarah described her "disappointment" about not receiving the product, as well as the fact she heard more about the company's collapse on social media than from Made itself.
Made.com announced its intention to appoint administrators last week. It had originally hoped to find a buyer for the whole business.Made.com announced its intention to appoint administrators last week. It had originally hoped to find a buyer for the whole business.
However, the company's co-founder and former boss said his offer to buy the furniture business was rejected. However, the company's co-founder and former boss wrote in a LinkedIn post that his offer to buy the furniture business was rejected.
Ning Li said he had offered to buy Made with his own cash, saving about 100 jobs, but this "wasn't accepted".Ning Li said he had offered to buy Made with his own cash, saving about 100 jobs, but this "wasn't accepted".
Do you have an outstanding order with Made? Do you work for the company? Email haveyoursay@bbc.co.uk.Do you have an outstanding order with Made? Do you work for the company? Email haveyoursay@bbc.co.uk.
Please include a contact number if you are willing to speak to a BBC journalist. You can also get in touch in the following ways:Please include a contact number if you are willing to speak to a BBC journalist. You can also get in touch in the following ways:
WhatsApp: +44 7756 165803WhatsApp: +44 7756 165803
Tweet: @BBC_HaveYourSayTweet: @BBC_HaveYourSay
Upload pictures or videoUpload pictures or video
Please read our terms & conditions and privacy policyPlease read our terms & conditions and privacy policy
If you are reading this page and can't see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at HaveYourSay@bbc.co.uk. Please include your name, age and location with any submission.If you are reading this page and can't see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at HaveYourSay@bbc.co.uk. Please include your name, age and location with any submission.