Steinhoff International, (FRANKFURT: SNH) the South African furniture and retail conglomerate whose stock price collapsed last week in the wake of an accounting scandal, may have to sell some of its prized assets – including Mattress Firm – in order to make debt payments that are due in March, according to a Bloomberg News report.
Rapidly expanding Art Van Furniture, which recently acquired major retailers Levin Furniture and Wolf Furniture, has sold its mattress manufacturing company, Comfort Mattress, to Connecticut-based Blue Bell Mattress.
Seven new sponsorships have been secured for the 10th annual Ante4Autism celebrity poker tournament that takes place the day prior to the official opening of next month’s Las Vegas Market.
Bassett Furniture Inds. has opened Club Level Pavilions at Fleming’s Fine Furniture in Malone, N.Y., and Great American Home Store in Memphis, Tenn.
The southern and western states are the biggest beneficiaries when Americans move, as data from the U.S. Census Bureau shows the South and West had the greatest net increase in population from movers from 2015 to 2016.
Upholstery and case goods resource United Furniture said it has finalized its purchase of Lane Furniture from Heritage Home Group.
Retailer Conn’s Inc. (NYSE: CONN) confirmed that it had made Serta Simmons Bedding its exclusive mattress supplier, ending a similar arrangement with Tempur Sealy International (NYSE: TPX).