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Before its bankruptcy in 2018, the company operated over 3,600 locations in 48 U.S. states. [6] [7] Mattress Firm has been owned by Steinhoff Holdings since 2016.[8]On October 5, 2018, Mattress Firm filed for Chapter 11 bankruptcy. [9]
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Mattress Firm eventually reused the Sleepy's name for their own brand of mattresses. [4] On October 5, 2018, Mattress Firm filed for Chapter 11 bankruptcy protection and announced to close up to 500-700 stores, which included former Sleepy's stores that are close proximity to a nearby Mattress Firm store. In November 2018, the company had ...
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The company shifted to a licensing model. As of 2019, it has over 30 licensees and is operating in more than 90 countries. [5]King Koil ventured into the United Arab Emirates in 1993, collaborating with its licensee, Dubai Furniture Manufacturing Company (DFMC), which became the first licensee in the Middle East, and now it operates 15 King Koil showrooms in the UAE.
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