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

Acer Aspire R11 review: Hands-on with the 360 laptop and tablet convertible

IDG UK Sites

Apple Watch release day: Twitter reacts

IDG UK Sites

See how Framestore created a shape-shifting, oil and metal based creature for Shell

IDG UK Sites

Apple Watch buying guide, price list & where to buy today: Which Apple Watch model, size, material,?......