Canadian mattress retailer to acquire Sleep Number for over $700M
Sleep Country had already agreed to buy the U.S. mattress maker and retailer ahead of its bankruptcy last month.
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A focused stream of recent stories from the sources curated for this community. Latest: Canadian mattress retailer to acquire Sleep Number for over $700M, Destination XL board pushes to stop FullBeauty Brands merger, and J. Crew hires former Walmart e-commerce exec. Page 185.
Sleep Country had already agreed to buy the U.S. mattress maker and retailer ahead of its bankruptcy last month.
The company recommends shareholders vote against an issuance proposal that needs approval to fulfill the deal's terms.
After nearly a decade with the big-box retailer, Stacey Levitt is joining the apparel company as its executive vice president of e-commerce and digital experience.
The property surpassed $500 million in quarterly revenue for the first time in its over 30-year history and helped push overall revenue up 16% in Q2.
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