Logistics giant XPO Logistics (XPO), whose clients include numerous furniture manufacturers and retailers, announced it has sold its truckload carrier operations to TransForce Inc. (TFI) for $558 million in cash.
Danish furniture producer Unique Furniture A/S, which acquired home office furniture resource Jesper Office in August, said it has halted efforts to use the Jesper Office name on a portion of its line, and has decided to use the Unique Furniture brand for its entire line.
Mattress Firm, the nation's largest specialty bedding retailer, said its acquisition by Steinhoff International (FRANKFURT: SNH) has been completed, making Mattress Firm a subsidiary of the South African-based furniture manufacturer and retailer.
Mattress Firm (MFRM) said sales shot up more than 48% to $980 million in the quarter ended Aug. 2, but the specialty bedding retailer recorded a net loss of $2.2 million due to heavy interest expenses and costs related to its recent spate of acquisitions.
Driven by its recently completed acquisition of Home Meridian, Hooker Furniture (HOFT) said sales more than doubled to $136.2 million in the quarter ended July 31.
Unique Furniture A/S, a producer of contemporary furniture based in Kolding, Denmark, said it has acquired Jesper Office, LLC., a resource for contemporary home office furniture.
Mattress Firm Holding Corp. (NASDAQ: MFRM), the nation's largest mattress retailer, has announced that the they have entered into a definitive merger agreement, with South African furniture retailer Steinhoff International Holdings N.V. which will create the world’s largest multi-brand mattress retail distribution network.