Daily News
From Home Furnishing Business
December 1,
2025 by Karen Parrish in Business Strategy, Industry 
Somnigroup International Inc. announced that it submitted a proposal to the Board of Directors of Leggett & Platt Inc. to acquire all outstanding common shares of Leggett & Platt in an all-stock transaction. Under the terms of the Proposal, Leggett & Platt shareholders would receive shares of Somnigroup common stock with a market value of $12.00 for every one share of Leggett & Platt common stock, based on a fixed exchange ratio to be agreed. The Proposal offers Leggett & Platt shareholders a 30.3% premium to the average closing price of Leggett & Platt's shares during the last 30 trading days, representing a value not achieved by LEG shares since December 2024.
December 1,
2025 by Karen Parrish in Business Strategy, Industry
Paramount Sleep Company continues to invest in people and partnerships with the addition of Susan Garvey as Northeast key account representative, the promotion of Raven Natividad to marketing and sales specialist, and the hiring of Sofia Vachino as marketing and sales support intern through the Virginia Beach Fellows Program.
December 1,
2025 by Karen Parrish in Business Strategy, Industry
Luxury bedding manufacturer, Kingsdown, Inc., will launch as the Canadian licensee for Scott Brothers Global (SBG), a lifestyle and entertainment company founded by Property Brothers hosts Drew and Jonathan Scott. As part of the partnership, Kingsdown will begin rolling out branded products to leading Canadian retailers this month, starting with the Scott Living by Drew & Jonathan collection at The Brick and the Drew & Jonathan Home collection at Tepperman’s.
December 1,
2025 by Karen Parrish in Business Strategy, Industry
Ingka Group will strengthen its focus on the core business of IKEA and as a next step the company will make organizational changes in Group Management. The new structure will be in place from Jan 1 with the aim to make IKEA even more accessible, affordable and sustainable, for generations to come.
December 1,
2025 by Karen Parrish in Business Strategy, Industry
XPO, a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for November 2025.
November 30,
2025 by Karen Parrish in Business Strategy, Industry
Ashley, North America's largest furniture store brand, announced the launch of a fully transactional shopping experience through Perplexity, an AI-powered answer engine. With PayPal's seamless payment technology, the new experience gives customers the ability to complete their entire buying journey from search to checkout, directly within the platform's conversational interface.
November 30,
2025 by Karen Parrish in Business Strategy, Industry
Ingka Group, the largest IKEA retailer, has been featured in the European Commission’s Repository of I Literacy Practices, which highlights leading initiatives across Europe that help people build the skills and confidence needed to work with AI responsibly.