A MAJOR furniture retailer plots to return to the high street after being rescued by Next.
Made will make a physical return to stores with a new concession set to launch in December.
Hollie Parkinson, head of brand at Made, told Linkedin News UK that the retailer had plans to expand its presence both online and in-store.
This included a brand new concession in Next's store in Sheffield's Meadowhall shopping centre this December.
She also said that Made planned to keep its brand separate from Next.
It's also looking to expand through brand partnerships, a new external store and return to Europe next year.
Read more in money
BYE BYE
High street giant with 1,400 branches launches massive closing down sale
CHIP CHANGE
I tried KFC's new fries – original recipe chicken lovers will be buzzing
We've contacted Next to find out exactly when the Made concession opens to shoppers.
Sun Money has also asked what kind of furniture will be on show for shoppers visiting the Next store.
Made's operating subsidiary, MDL, was forced to appoint administrators from specialist firm PwC who immediately tied up the deal with Next back in November 2022.
The fashion giant snapped up its brand, domain names and intellectual property for £3.4million.
Most read in Money
RAGS TO RICHES
I went to bed with £1 in my account & woke up to £122k – bank let me keep it
TAKING A BREAK
KitKat fans mourn signature bar that brand has no plans of bringing back
EAT IT
Top takeaways in the UK & Ireland revealed – has your local made the list?
CHOC ON
Terry’s Chocolate Orange fans go wild for ‘new fave’ choco bar spotted in stores
The troubled company filed a notice to appoint administrators after being hit by soaring costs and slowing customer demand.
Made.com had a nearly 18-month run as a public company, selling sleek furniture online, backed by a large advertising budget.
It performed strongly during the pandemic as shoppers, stuck at home, spent freely on sofas, coffee tables and lamps.
But the group ran into trouble, and out of cash, as supply chain disruptions hit its operations before Britain's economic downturn started to weigh on consumer spending, leaving it holding too much stock.
It was understood that the company had garnered interest from a number of parties to purchase parts of the business before tying up the deal with Next.
And it is not the first time that retail giant Next has taken over a struggling business.
Next started selling Gap clothing online in late 2021, after it took over the running of the high street brand.
It started selling Gap clothing in stores in early 2022.
Read More on The Sun
GOT BEEF
Love Island’s Kai Fagan breaks silence on huge cast feud
ouch
Big Brother’s Farida in furious row with Come Dine With Me co-star in unearthed clip
It also agreed a sale to buy struggling lingerie brand Victoria's Secret in a move that saved its UK shops and website.
Earlier in 2022, it took a stake in baby and maternity clothing retailer JoJo Maman Bebe.
Source: Read Full Article