Mattresses

Mattress Firm Closes on Sleep Experts Purchase

Mattress Firm

HOUSTON-Mattress Firm has completed its acquisition of the outstanding partnership interests in Sleep Experts Partners. With this purchase, according to a Mattress Firm statement, the company expects to operate an additional 55 stores in the Dallas and Austin, Texas, markets, already two of the company’s core markets. The acquisition is also expected to advance MattressMore »

Last updated: April 4, 2014

Ares, Serta and Simmons Parent, Launches IPO

Ares Management

NEW YORK-Ares Management, one of the parent companies of mattress manufacturers Serta and Simmons and of retailer Neiman Marcus, has begun an initial public offering, according to a filing with the U.S. Securities and Exchange Commission. The filing did not specify how many shares are in the IPO, or the price per share, nor didMore »

Last updated: April 2, 2014

New CFO, HR Head for Select Comfort

Select Comfort

MINNEAPOLIS-Select Comfort has named David Callen senior vice president and chief financial officer, and has appointed Patricia Dirks senior vice president and chief human capital officer. In his new role, Callen is in charge of leading the company’s finance team and advancing the company’s financial growth plan. Dirks is responsible for all human resource functionsMore »

Last updated: March 20, 2014

Sealy’s Rogers to Retire

Lawrence Rogers

LEXINGTON, Ky.-Lawrence Rogers, president and CEO of Sealy, will retire effective April 5, after a 34-year career with the mattress company. Rogers’ responsibilities will be moved to Tim Yaggi, chief operating officer of Tempur Sealy, Sealy’s parent; and to David Montgomery, executive vice president and president, international. Meanwhile, Rogers has been elected to the TempurMore »

Last updated: March 19, 2014

Serta Slates Loyalty Program

Serta Teams with City of Hope to Support Cancer Research

HOFFMAN ESTATES, Ill.-Serta is planning to unveil its Serta VIP Rewards consumer loyalty program in May. The program will invite a shopper who purchases an iComfort or iSeries mattress to enroll and earn up to $1,000 toward his or her next Serta mattress purchase. A Serta VIP Rewards member will earn his or her firstMore »

Last updated: March 12, 2014

Mattress Firm Ups Three Execs

Ken Murphy

HOUSTON-Mattress Firm executives Ken Murphy, Sam Woods and Kindel Elam have been promoted to new roles at the specialty mattress retailer. Murphy, who had been executive vice president of sales and operations, has been appointed to the previously vacant position of chief operating officer. Murphy now oversees sales and operations, marketing, merchandising, information technology, businessMore »

Last updated: March 11, 2014

Mattress Firm Deals for Additional Stores

Mattress Firm

HOUSTON-Mattress Firm has made three deals that will add about 93 stores to its store base. The company has entered into an agreement to acquire the outstanding equity interests of Sleep Experts Partners, which operates Sleep Experts stores in Texas. It has also completed the acquisition of Yotes, which operates stores under the Mattress FirmMore »

Last updated: March 10, 2014

Pacific Coast Feather Opens Mattress-Pad Facility

Pacific Coast Feather

SEATTLE-Pacific Coast Feather is beginning to produce mattress pads at its new plant in Gastonia, N.C., and plans to have the facility at full-scale production by May 1. The new plant was built to replace a production facility in Wayne, Ind., which had been destroyed by a tornado in October. The company is installing equipmentMore »

Last updated: February 27, 2014