A French ‘destock’ store is set to resell old stock from now-defunct UK online furniture shop Made.com, with prices at up to 70% off.
Previously a well-known, designer brand in the UK, Made.com went into administration in November 2022.
Now, French company Noz has announced in a press release that it has bought “113,000 articles of on-trend decoration articles, and 28,000 pieces of designer furniture” from the firm. The stock is currently being held in Anvers, Belgium, by a Made.com supplier.
Made.com now has six weeks to empty its warehouse and get the stock ready for sale in France.
Noz said: “The first furniture deliveries will start on February 7. Decor and bedding will be delivered to all shops from February 13. Leather and fabric sofas, steel and wooden tables, workshop-style TV stands, Scandinavian-style beds, velvet armchairs and others will be sold at 70% off.”
There will also be big discounts on “candles, cushions, frames, vases, curtains, and other decorative items,” it said. It described the sale as “an occasion for design and decor fans to discover or rediscover the number one ‘destockage’ shop in France”.
What is Noz?
Noz is a ‘destock’ or 'destockage' discount shop, meaning that it buys up old or unsold stock from other companies and resells it at low prices at its physical locations.
Its stock depends on what it has been able to buy. It can vary from food items to toys, books, and gadgets, to home furnishings. In November, it hit headlines for reselling items from clothing brand Camaïeu, after the brand went into liquidation.
Noz is based in Mayenne, and was founded in 1976 in Laval. It only buys items that have not been sold elsewhere. This could be due to overstocking, end of collection or series items, packaging changes, or cancelled orders.
It has 312 points of sale in France.
What happened to Made.com?
Made.com called in administrators PricewaterhouseCoopers (PwC) in November 2022, after it suffered badly from the effects of inflation and problems with securing raw materials. It was eventually bought by UK retailer Next.
London-based Made.com had previously been valued at almost £800m (€891m) on the stock exchange in June 2021, and hailed by some as the future of furniture shopping.
But hundreds of people lost their jobs in the administration transition, and more than 12,000 customers did not receive their paid-for orders.