Tag Archives: mattress firm

Steinhoff CEO/CFO Step Down

Markus Jooste, CEO for Steinhoff and Ben la Grange acting CFO, both step down under growing concerns about accounting irregularities. Markus led Steinhoff on a great run acquiring companies and growing Steinhoff into the second largest retailer in all of

The Company That Owns Mattress Firm Is Plunging After Its CEO Resigned

Steinhoff International Holdings NV plunged after its chief executive officer resigned amid accounting irregularities, rocking a company that’s rapidly expanded from its roots in South Africa into a retail empire spanning Australia, Europe and the U.S. The owner of the France-based

Industry News affecting the Furniture Revolution

The Rise and Fall of Steinhoff, South Africa’s Global Retailer By  Janice Kew December 6, 2017, 4:46 AM PST Steinhoff International Holdings NV, founded in 1964 as a German furniture seller, morphed into a South Africa-based retailer with global ambitions.

The Internet has made the Mattress Business even sleazier


Cashing in on the Retail Furniture Apocalypse

Back in 1982 when I opened my first owner operated furniture/mattress business, my main competition was Sears & JC Penny’s. There was no such thing as National Mattress or Furniture Chains and not many Independents, specializing in mattresses. Gradually, the

Tender offer for outstanding shares of Mattress Firm completed by Steinhoff


Mattress Firm Holding Corp. (“Mattress Firm” or the “Company”), the country’s largest mattress retailer, announced yesterday the successful consummation of the previously announced $64.00 per share cash tender offer by Steinhoff International Holdings N.V. (“Steinhoff”) (FRANKFURT:SNH) for all of the