Tempur Sealy closes $5B Mattress Firm takeover, plans rebrand to Somnigroup

Quick Summary:

A federal court in January denied antitrust regulators’ latest move against the deal, which creates a conglomerate of three decentralized business units and the largest bedding company in the world.

The FTC had argued an injunction was necessary as it proceeded with its legal challenges to the tie-up, based on concerns it would “suppress competition and raise prices for mattresses for millions of consumers.

In pro forma terms, in 2024, the company generated about $8 billion in sales, net of intercompany sales, with 85% in North America and 15% elsewhere, per its Wednesday release.

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Article Details

Author / Journalist: Daphne Howland

Category: Business

Markets: United StatesMali

Topics: Retail Largest Stores Tempur World Bedding Sealy Firm Mattress Retailers Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 12:50:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 567 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 25939281

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