• Dean Horowitz

Mattress Firm being acquired

Steinhoff International acquiring Mattress Firm for $2.4 Billion according to Bloomberg.

Bloomberg states "Steinhoff offered $64 a share in cash, more than double Friday's $29.74 closing pricing for Houston-based Mattress Firm." In November 2015, Mattress Firm purchased Sleepy's for $780 million.  Steinhoff's strategic drivers, according to investor relations, are:

  • Footprint expansion
  • Continuous investment in stores
  • eCommerce
  • Vertical integration of supply chain
  • Sourcing expertise and infrastructure
  • Logistics expertise

Steinhoff, based in Cape Town, South Africa is known as "Africa's Ikea."

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RSA Insights & Intelligence gives you, the retail sales associates, critical intelligence and insights. We make it easier for you to sell by providing actionable tips and key takeaways you can and should use for every sale. Check out our latest two articles:
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