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Mattress Firm emerges from bankruptcy

  • The largest U.S. mattress retailer has emerged from bankruptcy with access to $525M in exit financing, two months after filing for Chapter 11 protection.
  • Steinhoff International's (OTCPK:STNHY) Mattress Firm also closed about 660 underperforming stores after revealing multi-billion-euro holes in its balance sheet.
  • The closures still leave the Houston-based company with about 2,600 outlets across the United States.
  • Related: TPX, SNBR, HOFT, TGT, LZB

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