The business works directly with designers and operates a vertical supply chain, buying raw materials to keep costs downA belief that shoppers are keen to buy their furniture online has prompted Made.com to look to raise £100 million in a stock market listing. The online homewares group yesterday confirmed plans for its near-£1 billion flotation on London’s main market. SponsoredMade aims to have a free float of at least 25 per cent and to invest the fresh funds in adding more customers, further expansion and reducing its lead times. To win investor support, the east London-based business has set out ambitious plans to quadruple its annual sales to £1.25 billion by 2025 and to expand beyond continental Europe within the next two years. Existing investors, which include its co-founders Ning Li and Brent Hoberman, the Lastminute.com tycoon, are expected to sell shares in

Source: The Times May 25, 2021 23:35 UTC