We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Another dot.com goes belly-up

Imminent death for Living.com

The dot.com bandwagon has claimed its latest victim.

Online home furnishings retailer Living.com is filing for bankruptcy despite enjoying a close relationship with Amazon.com.

Living.com blamed a downturn in capital markets for its inability to raise further investment.

The demise of the online retailer calls into question the whole Amazon.com business model, which has fleshed out its product line to include toys, video and even gardening equipment.

Back in the dot.com heyday of February, the Texas-based company agreed to pay Amazon £100 million over five years for the privilege of becoming a premier retailer on the bookseller’s home page.

As part of the deal Amazon acquired an 18 per cent stake in Living.com.

"We regret that circumstances beyond our control have forced us to discontinue operations," Living.com said in statement on its web site.


IDG UK Sites

iPhone 6 review: best ever iPhone is very good... but no longer the best phone you can buy

IDG UK Sites

Why Apple and Samsung, Google and Microsoft's schoolyard spats make them all look stupid

IDG UK Sites

How to successfully bridge the gap between clients and creatives

IDG UK Sites

How to update your iPhone or iPad to iOS 8: including how to install iOS 8 if you don't have room ()......