Mattress Firm reportedly considering bankruptcy filing

Houston-based Mattress Firm Inc. might be added to the list of major national retailers turning to bankruptcy protection to slim down their brick-and-mortar footprints.

People familiar with the matter told Reuters that Mattress Firm and parent company Steinhoff International Holdings NV are working with consulting firm AlixPartners LLP, which helps companies with turnaround strategies and bankruptcy plans. However, no final decisions have been made, so Mattress Firm might not decide to file for bankruptcy protection, the sources added.

Mattress Firm and AlixPartners declined to comment to Reuters, and Steinhoff did not respond to Reuters’ request for comment. Mattress Firm declined to comment to the Houston Business Journal, as well. 

Mattress Firm has grown substantially over the past decade or so, having acquired more than 25 companies since 2005 before being acquired itself. Steinhoff, which is registered in the Netherlands but operates out of South Africa, bought Mattress Firm…

Read the full story from the Washington Business Journal.



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