Made.com considering capital raise
Online furniture retailer Made.com has confirmed that it is considering a potential equity capital raising as it looks to strengthen its balance sheet.
The news follows a report by Sky News yesterday that the company had appointed PwC as advisers and that it could seek to raise as much as £50 million through a share sale.
In a response to the press speculation, Made.com said today: “As indicated in the Q2 trading update, Made is considering all options to allow it to strengthen its balance sheet. Made confirms that these options include a potential equity capital raise. Made continues to consider its options and a further announcement will be made if and when appropriate.”
In July, Made.com revised its full year guidance due to weakened consumer confidence leading to reduced demand for discretionary big-ticket items.
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