Simmons Bedding Company

Global Mattress Market Forecasts 2023-2030 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 26, 2024

The "Global Mattress Market by Type (Alternating Pressure Mattress, Gel, Hybrid Mattress), Size (Full, King, Queen), Business Model, Distribution, End User - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Mattress Market by Type (Alternating Pressure Mattress, Gel, Hybrid Mattress), Size (Full, King, Queen), Business Model, Distribution, End User - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
  • The increasing population, residential & construction activities, consumer disposable income & lifestyle are supporting the growth of the mattress market.
  • On the other hand, the mattress market can face many obstacles due to fluctuations in economic conditions.
  • The growing European hospitality industry, consumer expenditure on household products, and manufacturers' focus on improving mattress materials are offering growth potential in the region for the mattress market.

Epiq Corporate Restructuring Honored for Consumer Discretionary Deal of The Year

Retrieved on: 
Wednesday, November 29, 2023

The award honors Epiq Corporate Restructuring Group and its role in the $1.59 billion restructuring of Serta Simmons Bedding, LLC.

Key Points: 
  • The award honors Epiq Corporate Restructuring Group and its role in the $1.59 billion restructuring of Serta Simmons Bedding, LLC.
  • Epiq was selected as claims, noticing, and solicitation agent to help the company execute its prearranged chapter 11 bankruptcy.
  • Serta filed chapter 11 in January to implement a comprehensive financial restructuring that would result in a reduction of the company’s funded debt by approximately $1.59 billion.
  • Epiq’s corporate restructuring professionals are the industry’s most experienced having worked on more than 1,200 cases.

Serta Simmons Bedding Opens New State-of-the-Art Manufacturing Plant in Wisconsin

Retrieved on: 
Tuesday, November 14, 2023

SSB’s new plant at 200 Innovation Drive in Janesville consolidates two Rock County plants that were located in Beloit and at another location in Janesville, transferring production to this new, state-of-the-art manufacturing plant recently completed by Zilber Property Group. The new plant will enable SSB to manufacture its portfolio of high-quality mattresses – including its Serta Perfect Sleeper®, Serta iComfort, Beautyrest Harmony® and Beautyrest Black® collections -- under the same roof, enabling the company to better serve Midwest-area retailers and customers as production was previously split between the two plants.

Key Points: 
  • Serta Simmons Bedding, LLC (SSB), one of the world’s leading sleep companies, today held a grand opening event and ribbon-cutting ceremony for its new state-of-the-art 500,000 square foot manufacturing plant in Wisconsin that will produce mattresses and other bedding products under its Serta, Beautyrest and Simmons brands.
  • SSB has long had a manufacturing presence in Rock County, and this plant is retaining more than 300 jobs for the local economy.
  • View the full release here: https://www.businesswire.com/news/home/20231114868295/en/
    Mark Genender, Chairman of the Board of Directors and Interim CEO at Serta Simmons Bedding, cuts the ribbon for the company’s new 500,000 square-foot manufacturing plant in Wisconsin.
  • We couldn't be happier.”
    “We are thrilled to have partnered with Serta Simmons Bedding on their remarkable state-of-the-art facility, meticulously designed to meet their exact operational needs.

The Cannabist Company Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

[2] Excludes $13.1 million in Q3 2023, $36 thousand in Q2 2023, and $4.8 million in Q3 2022; see the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2023 for additional disclosure.

Key Points: 
  • [2] Excludes $13.1 million in Q3 2023, $36 thousand in Q2 2023, and $4.8 million in Q3 2022; see the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2023 for additional disclosure.
  • “The third quarter results demonstrate consistent execution, with stable revenue of more than $129 million and Adjusted EBITDA of more than $20 million, in a complicated quarter rife with corporate actions and changes to the business, in only 8 weeks of operating as an independent company,” said Nicholas Vita, CEO of The Cannabist Company.
  • We will continue to make progress, as we did in the third quarter, toward proactively managing our balance sheet and improving liquidity.
  • ET to discuss financial and operating results for the third quarter of 2023.

Creditsafe Releases Financial & Bankruptcy Outlook for U.S. Retailers

Retrieved on: 
Monday, December 4, 2023

ALLENTOWN, Pa., Dec. 4, 2023 /PRNewswire/ -- Amid rising inflation, a cost-of-living crisis and a steep decline in consumer spending, many retailers are calling for flat to declining sales this year. So, retail bankruptcies have become more common in recent years with the likes of Serta Simmons Bedding, Neiman Marcus Group and JCPenney filing for Chapter 11. Today, Creditsafe released its Financial & Bankruptcy Outlook: Retail report, which examines how financial planning, cash flow management and Accounts Payable management have affected the financial health of U.S. retailers.

Key Points: 
  • Today, Creditsafe released its Financial & Bankruptcy Outlook: Retail report , which examines how financial planning, cash flow management and Accounts Payable management have affected the financial health of U.S. retailers.
  • The data included in the report was gathered from multiple sources, including financial earnings reports released by the retailers, filings with the U.S. Securities and Exchange Commission and the Creditsafe credit risk and intelligence platform.
  • The retailer has one of the lowest Days Beyond Terms (DBT) scores out of the retailers examined in the report.
  • Understanding what factors influence a company's financial health is critical as retailers face hard times ahead and consumer spending continues to decline."

Serta Simmons Bedding Initiates CEO Transition

Retrieved on: 
Monday, October 30, 2023

Serta Simmons Bedding, LLC (SSB), a leading global sleep company, today announced that Mark Genender, Chairman of the Board of Directors, has been appointed Interim Chief Executive Officer.

Key Points: 
  • Serta Simmons Bedding, LLC (SSB), a leading global sleep company, today announced that Mark Genender, Chairman of the Board of Directors, has been appointed Interim Chief Executive Officer.
  • He succeeds Charlie Eitel, who has stepped down as CEO, effective today.
  • The Board of Directors has initiated a search process for the company’s next CEO to identify and review candidates.
  • “As I step into the Interim CEO role, I am committed to working closely with the management team to ensure a smooth transition as we continue to execute on our turnaround strategy.

Quad Appoints Melanie Huet to Board of Directors

Retrieved on: 
Thursday, October 5, 2023

Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “company”), a global marketing experience (MX) company, announced today that it has named Melanie Huet to its board of directors, effective immediately, as an independent member.

Key Points: 
  • Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “company”), a global marketing experience (MX) company, announced today that it has named Melanie Huet to its board of directors, effective immediately, as an independent member.
  • Huet’s strong background in brand development, management and transformation make her an ideal addition to the Quad board as the company expands and strengthens its offerings as an MX company.
  • I look forward to working with my fellow directors to keep Quad at the forefront of marketing innovation.”
    Huet’s board experience includes Story Legacy, Serta Inc. and Digital Ascendants.
  • She is the second board of directors appointment in 2023 for Quad, with Beth-Ann Eason joining in January.

RealTruck, Inc. welcomes Baljinder Singh as chief financial officer

Retrieved on: 
Thursday, September 7, 2023

ANN ARBOR, Mich., Sept. 7, 2023 /PRNewswire/ -- RealTruck, Inc., the premier manufacturer of functional aftermarket accessories and an online destination for truck, Jeep® and off-road enthusiasts, today announces the appointment of Baljinder Singh as chief financial officer. Singh joins the company's executive leadership team and reports directly to CEO, Carl-Martin Lindahl.

Key Points: 
  • ANN ARBOR, Mich., Sept. 7, 2023 /PRNewswire/ -- RealTruck, Inc. , the premier manufacturer of functional aftermarket accessories and an online destination for truck, Jeep® and off-road enthusiasts, today announces the appointment of Baljinder Singh as chief financial officer.
  • Singh joins the company's executive leadership team and reports directly to CEO, Carl-Martin Lindahl.
  • Before joining RealTruck, Singh served as CFO for Wahl Clipper Corporation, a global manufacturer of hair clippers and trimmers.
  • "I am thrilled to join the RealTruck team and contribute to its continued growth and success," said Singh.

Serta Simmons Bedding Names Industry Veteran Robert Burch Chief Operations Officer

Retrieved on: 
Monday, August 14, 2023

Serta Simmons Bedding (SSB), a leading global sleep company, announced today that Robert (Rob) Burch has joined the company’s senior leadership team as Chief Operations Officer, effective immediately.

Key Points: 
  • Serta Simmons Bedding (SSB), a leading global sleep company, announced today that Robert (Rob) Burch has joined the company’s senior leadership team as Chief Operations Officer, effective immediately.
  • In this role, Burch will lead SSB’s operations function, including the company’s network of manufacturing facilities across the U.S. and Canada.
  • View the full release here: https://www.businesswire.com/news/home/20230814005441/en/
    Serta Simmons Bedding Names Industry Veteran Robert Burch Chief Operations Officer.
  • He previously served as Executive Vice President of Operations for Simmons Bedding Company responsible for manufacturing, logistics and sourcing, as well as new product development.

Mattress Firm's Best Sale of the Year is Here with Unbeatable Deals for Labor Day

Retrieved on: 
Wednesday, August 16, 2023

HOUSTON, Aug. 16, 2023 /PRNewswire/ -- You can rest easy with big savings on your next mattress or bedding purchase thanks to Mattress Firm, because the nation's largest mattress specialty retailer has just unveiled its Best Sale of the Year – its Labor Day sale. Struggling to fall asleep or waking up with aches and pains? Don't wait any longer to upgrade your sleep space. The right mattress and right accessories matter, that's why Mattress Firm is here to help find your perfect match at the best price now.

Key Points: 
  • The right mattress and right accessories matter, that's why Mattress Firm is here to help find your perfect match at the best price now.
  • Buyers can also receive free and fast delivery with Mattress Firm's 120 Night Low Price Guarantee to ensure they get the best price possible.
  • Not only does Labor Day mark the end of summer, but it also marks the beginning of back-to-school season.
  • For more information on finding the best mattress at a reasonable price, you can visit www.mattressfirm.com/sale for additional information.