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Steinhoff subsidiary files for bankruptcy in the US

05 October 2018 12:31 PM
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Steinhoff announced on Friday afternoon that its US subsidiary Mattress Firm was filing for bankruptcy.

In a statement to shareholders, Steinhoff said the US's largest mattress dealership was filing for voluntary Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware.

"Mattress Firm is continuing to serve customers as usual at stores and online," said Steinhoff.

In a separate statement, Mattress Firm said it anticipated that deliveries would be made as scheduled. "The Company intends that warranties, guarantees and other customer programs will be honored as usual," it said.

Source: fin24.com

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