Largest US Mattress Retailer Files For Bankruptcy
Years of over expansion finally caught up with the United States' largest mattress retailer.
Mattress Firm filed for Chapter 11 bankruptcy after much speculation. The retailing giant has over $1 billion in liabilities to over 50,000 creditors.
A restructuring plan is in place which includes closing 700 stores. The company owes some of the largest mattress manufacturers money.
Click on image to read full article.
This was clearly a money laundering business, who the heck buys mattresses often...
The money laundering business is slow these days.
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