Mattress Maker Serta Simmons Files for Bankruptcy

For all the talk about stashing money there, there is not a lot of money in mattresses.
Just ask Serta Simmons, which has filed for Chapter 11 bankruptcy, heralding an end of a hard period for the once-comfortable mattress sector.
Serta controls one-fifth of the US bedding market and did $2.4 billion in sales in 2022, but its troubles go back to a 2020 restructuring that…

This story appeared on, 2023-01-25.
The Web's Most Comprehensive Business News Site. Free to Use →