Steinhoff-owned Mattress Firm files for US IPO
Mattress | Steinhoff-owned

Steinhoff-owned Mattress Firm files for US IPO

Embroiled retailer Steinhoff has announced that its US subsidiary, of which it owns a 50.1% stake, has filed for an initial public offering in New York. The public offering in US bedding chain Mattress Firm would provide cash-strapped Steinhoff another opportunity in raising much needed capital. Steinhoff has been selling assets to pay down debt…