Respite for Steinhoff with Tempur Sealy buying Mattress Firm
Sale for $4bn could help debt-laden group when it asks Dutch court to approve its restructuring
09 May 2023 - 14:18
UPDATED 09 May 2023 - 20:59
American mattress manufacturer Tempur Sealy will buy all of US-based Mattress Firm including Steinhoff’s 50.1% stake for $4bn.
Steinhoff, which has €10.2bn in debt due in June that it cannot pay and entered a complex restructuring process to save it from liquidation, will use its percentage from the sale to repay lenders...
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