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A lot of people here will talk about S-brand mattress and how terrible a d over priced they are. In my experience that only applies to the lower end Simmons Beauty Rest and sealy's and serta in general.
https://www.bloomberg.com/news/articles/2023-01-24/mattress-maker-serta-simmons-files-for-chapter-11-bankruptcy. They'll probably get picked up by a new PE company somewhere in the process though.
Pretty classic private equity blow up. Advent paid $3 bil for the company in 2012, and then presumably drained out a bunch of cash by borrowing a bunch in the company and distributing the cash to themselves.
7 Ιουν 2023 · Mattress maker Serta Simmons Bedding on Tuesday said that its Chapter 11 reorganization plan has been confirmed by a U.S. bankruptcy court, bringing the bedding company one step closer to...
29 Ιουν 2023 · DORAVILLE, Ga. – Serta Simmons Bedding has completed its financial restructuring and emerged from Chapter 11 five months after filing for protection under the U.S. Bankruptcy Code in January
29 Ιουν 2023 · DORAVILLE, Ga., June 29, 2023 – Serta Simmons Bedding, LLC (“SSB” or the “company”), a leading global sleep company, today announced that it has concluded its financial restructuring and emerged from Chapter 11, marking the completion of a critical step in the company’s turnaround effort.
12 Αυγ 2024 · Serta Simmons Bedding Announces New Executive Leadership Appointments. Tuft & Needle March 22nd, 2023. Introducing the New Tuft & Needle Mint Hybrid Mattress. Load More. Latest news, thinking, and stories from Serta Simmons Bedding and the world of sleep.
