Further to the announcement on 23rd September that it was commencing a formal sales process, Made.com has entered into non-disclosure agreements and begun discussions with a number of interested parties regarding the sale of the group.

Made says the interested parties will be invited to put forward proposals in the middle of October for review, after which a select number of parties will be invited to participate in a second phase. It says the current management plan for a standalone public company is expected to require aggregate funding in the region of £45-70m over the next 18 months.

In September, Made said that a combination of adverse global macroeconomic conditions prompted it to explore various cost-saving options and the possibility of a group sale (see related).