The world of business is rife with rumours that Next is making a bid for struggling online retailer Made.com
Made.com said in a statement to the stock market: “If further funding cannot be raised, or a firm offer for the company is not received before the company’s cash reserves are fully depleted, the board will take the appropriate steps to preserve value for creditors.”
AJ Bell’s Russ Mould said: “Joules’ products almost certainly have cross-over appeal to Next’s customer base in the same way that Made.com’s sofas would appeal to its home products shoppers.
“Chatter that Next could buy Made.com’s brands and intellectual property out of administration make perfect sense. While the market conditions are currently tough, Next will have an eye on the long term and a small outlay now to buy certain Made.com assets could reap big rewards down the line.”
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