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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Serta Simmons Bedding, LLCGlobal Credit Research - 15 Dec 2021New York, December 15, 2021 -- Moody ...
The American company Serta International is a subsidiary of the American company Serta Simmons Bedding, LLC of Doraville, Georgia. [3] Other licensees include Serta Dormae in Texas, Serta Restokraft in Michigan, and Salt Lake Mattress in Utah. [4] [5] [6] In August 2018, Serta Simmons Bedding, LLC announced a merger with online retailer Tuft ...
Moody's Investors Service, ("Moody's") assigned a B2 rating to Serta Simmons Bedding, LLC's ("Serta Simmons") new $200 million first lien super-priority "first-out" term loan and a Caa2 rating to ...
The company is thus a licensing organization, with local licensees manufacturing the mattresses under a common name for national marketing. Like a cooperative, the licensees own the Spring Air name. Spring Air has factories across the world. [1] As of 2006, it is the fourth largest US brand of mattresses (behind Sealy, Serta, and Simmons).
The pocketed coil is the basis for the Simmons Beautyrest mattress brand, which was introduced in 1925. [6] Although the new manufacturing technology greatly reduced its cost, at the time of its introduction a Beautyrest mattress sold for $39.50, three to four times more than the typical price for a standard wire mattress. [7]
On September 28, 2018, Tuft and Needle closed a merger with mattresses manufacturer Serta Simmons Bedding. [13] [11] In November 2018, they also announced a partnership with Amazon to release an Amazon-exclusive mattress called "The Nod." by Tuft & Needle. On January 23, 2023, Serta Simmons Bedding filed for Chapter 11 Bankruptcy. [14]
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