The world's largest manufacturer of Simmons mattress (Simmons) in the United States bankruptcy protection, it let outside worried that reflects the United States economy could be plunged into recession in the second wave.
It was reported in Hong Kong Wen, founder of Simmons in 1875 developed the world's first soft Spring mattress, changed the lives of United States. Reported that the United States often replace the mattress, but one hundred years of financial tsunami hit United States economy, let Spring mattress sales stagnated, a serious decline in the performance of the company to force must seek bankruptcy protection. Currently, Simmons company's liabilities up to 13 million.
Some analysts expected, Simmons company and its subsidiaries will be sold to two private equity funds, trading value of approximately $ 7.6.
Simmons company boss Thomas-Li is bought in 2003 by Simmons company, 2007, operating income increased by 26%. Expect bankruptcy reorganization only to corporate bonds holders losses on $ 5.75 billion, while the bankruptcy protection, the company will lay off more than 1000 people, which makes many deep financial crisis staff.
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