The company also said it is considering a formal sale process as part of the wider review and has hired advisers from PwC to help with the potential process.
“While the group has had a number of strategic discussions with interested parties, the group is not in receipt of any approaches, nor in discussions with any potential offeror, at the time of this announcement,” Made said in a statement.“The board emphasises that a sale of the group is only one of a number of strategic options to be considered under the strategic review.The process comes after a tough 15 months since Made floated on the stock market in London.
It said this increased the need to sell products at a discount after a build-up of stock, which hit profit margins.
No this is awful 😢 😞