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The Camden-based firm had put itself up for sale earlier in the year, but said failed fundraising efforts had forced the company to appoint administrators after it was unable to withstand “the economic tsunami that has gathered momentum”.
The “sleep wellness” brand’s collapse intensified pressure on beleaguered furniture business Made.com as it warned there was “no certainty that an offer will be made” after putting itself up for sale earlier this month.
The “big ticket” furnishing sector has been particularly badly ravaged by the tightening of consumer purse-strings as a result of the cost of living crisis.
This story is from the October 17, 2022 edition of Evening Standard.
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This story is from the October 17, 2022 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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