Mattress Firm Inc., the largest U.S. specialty-mattress retailer by number of stores, has filed for bankruptcy and plans to close up to 700 retail stores.
The Houston-based company and about 40 related entities filed for chapter 11 reorganization on Friday in U.S. Bankruptcy Court in Wilmington, Del., listing Simmons Manufacturing Co., with a claim of $64.7 million, and Serta Mattress Co., with a claim of $25.5 million as its largest creditors.
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