(Reuters) - Made.com's co-founder and former chief executive Ning Li said his proposal to save the British online furniture retailer has been rejected, making the way for its collapse.
The news comes almost a week after the company said it would appoint administrators after running out of cash, becoming one of the most high profile British retailers to fail this year partly as a result of a squeeze on household budgets.
(Reporting by Amna Karimi in Bengaluru; Editing by Shailesh Kuber)
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| 20.9 HKD | -1.88% | -3.46% | 6.9B | ||
| 0.72 HKD | +1.41% | -1.37% | 883M | ||
MADM GROU 
