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Tempur Sealy Shares Soars

2018-10-04 11 Dailymotion

According to Business Insider, shares of Tempur Sealy soared after reports that its rival will file for bankruptcy.<br />Shares of Tempur Sealy, the maker of mattress brand Tempur-Pedic, surged more than 10% on Wednesday following a report that its rival, Mattress Firm, was preparing to file for bankruptcy protection.<br />Mattress Firm, the largest US mattress retailer, will file for bankruptcy protection as soon as this week, as it seeks to quit costly store leases and beef up its business. <br />

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