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Next buys up Made com for £3 4m two years after it was valued at £775M

The high street giant yesterday snapped up the online furniture retailer in a so-called pre-pack administration but 400 staff have still lost their jobs and 12,000 people are left with unfulfilled orders

Some 400 Made com jobs axed in £3 4m Next rescue

Next was set up in 2010 by Ning Li, Brent Hoberman, Chloe Macintosh (pictured) and Julien Callede. It will now be run by Next boss Lord Simon Wolfson.

Leave-voting Tory peer and Next CEO says Government is blocking entry of much-needed foreign workers

Simon Wolfson, who is a Conservative peer in the House of Lords, said the government needs to take a different approach to economically productive migration since firms are desperate for labour.

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