MADE furniture stock to be sold via auction

Nottingham-based auctioneer John Pye has been appointed to sell the stock of collapsed furniture retailer

It is understood thousands of MADE furniture items will go on sale later this month following the retailer entering administration.

These items include upholstery, home furniture, outdoor and leisure, home accessories and lighting. John Pye said it will sell the items on its website from 21 November 2022.

The firm added that the auction presents a ‘rare opportunity’ for buyers to ‘bypass industry-wide, growing wait times for furniture delivery’, while stating that the sale will try to realise the best outcome for creditors as possible.

“We have a customer base who are familiar with buying this type of stock, so we hope to be able to realise a positive return for creditors.”

Following MADE’s administration, fashion and homewares retailer Next acquired the brand and IP for a sum of £3.4m, while its former CEO and co-founder, Ning Li, saw his attempts to recuse the company rejected.

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