We’re Taking Decisive Actions to Strengthen Our Financial Position and Drive Long-Term Growth
Serta Simmons Bedding (SSB) has entered into an agreement with key financial stakeholders that will significantly reduce our debt and enable us to continue making critical investments in our business and brands. To implement the agreement, most of SSB’s U.S. corporate entities initiated a voluntary pre-arranged court-supervised process under Chapter 11 of the U.S. Bankruptcy Code on January 23rd, 2023.
At SSB, we are proud of our heritage in providing industry-leading sleep solutions and the work we do every day in alignment with our mission to help people sleep better so they can live healthier lives. After the conclusion of this process, we will have a stronger financial foundation to drive profitable growth and continue delivering the high-quality, innovative products that our company is known for.
Key Things to Know as SSB Moves Forward
SSB is operating as normal and serving retail partners and sleepers as usual.
Our manufacturing facilities are fulfilling orders, and we are continuing to work with suppliers and vendors in the ordinary course of business.
We are continuing to invest in our business. We have several meaningful launches planned for this year from Serta and Beautyrest.
We are working to complete the court-supervised process as quickly as possible and expect to conclude it within the coming months.
Case Information and Information Hotline
Court filings and other information related to the proceedings are available on a separate website administrated by the company’s claims agent, Epiq, at https://dm.epiq11.com/sertasimmons; by calling Epiq toll-free at 877-618-5414, or 503-966-3043 for calls originating outside of the U.S.; or by emailing sertasimmonsinfo@epiqglobal.com.
company information
Visit Serta Simmons Bedding homepage at sertasimmons.com
