Tempur Sealy Shares Soars
- 6 years ago
According to Business Insider, shares of Tempur Sealy soared after reports that its rival will file for bankruptcy.
Shares of Tempur Sealy, the maker of mattress brand Tempur-Pedic, surged more than 10% on Wednesday following a report that its rival, Mattress Firm, was preparing to file for bankruptcy protection.
Mattress Firm, the largest US mattress retailer, will file for bankruptcy protection as soon as this week, as it seeks to quit costly store leases and beef up its business.
Shares of Tempur Sealy, the maker of mattress brand Tempur-Pedic, surged more than 10% on Wednesday following a report that its rival, Mattress Firm, was preparing to file for bankruptcy protection.
Mattress Firm, the largest US mattress retailer, will file for bankruptcy protection as soon as this week, as it seeks to quit costly store leases and beef up its business.