THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Made.com hires new CFO and secures new equity funding

Furniture retailer Made.com has appointed a new chief financial officer and secured £40 million in new equity funding to be used for expansion.

HOME & DIY

Made.com hires new CFO and secures new equity funding

Furniture retailer Made.com has appointed a new chief financial officer and secured £40 million in new equity funding to be used for expansion.

In addition to a new tier 1 global institutional investor, the funding round includes commitments from existing investors Partech Ventures, Level Equity and Eight Roads Ventures.

The new investment will be used to accelerate growth and launches into new markets, develop new showrooms across Europe and grow Made.com’s digital capabilities.

The fundraising follows another year of growth for the company when revenues increased by 40% to £127 million.

Made.com has also appointed Adrian Evans as its chief financial officer. Evans has joined the business from online fashion group Yoox-Net-A-Porter where he held various senior management roles including commercial director, finance director and strategy director. As finance director of Net-A-Porter group, Evans oversaw the merger with Yoox.

Philippe Chainieux, chief executive of Made.com, said: “We continue to scale rapidly across Europe, and I am pleased to confirm that Made.com has reached profitability in 2017 in the UK, France and Benelux, and is now cash flow positive at the group level. We have had a strong start to 2018 and are very excited about the future.”

Hear Julien Callede, founder of Made.com, speak at TRB's Retail Customer Engagement Summit on 5 June.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process