Steinhoff International Holdings N.V.’s Mattress Firm may go public
Steinhoff International Holdings N.V. (Steinhoff) acquired Mattress Firm in 2016 for $3.8 billion and took the company off of the public market but Steinhoff may put Mattress Firm back onto the public market. While it is not confirmed that Mattress Firm will go back on the public market, Steinhoff currently owns 50.1% of Mattress Firm so an initial public offering of the company would raise a significant amount of capital.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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