Innovative Mattress Solutions
On the 14th of January, in 2019, Innovative Mattress Solutions filed for bankruptcy. It has Mattress Warehouse, Mattress King, and Sleep Outfitters. After the announcement, there was some confusion. A business that went under Mattress Warehouse, too, had to explain that “this declaration of bankruptcy under Chapter 11 does not affect the organization or relationship with the (sleephappens.com.) Mattress Warehouse. The company is planning to shut down 142 stores in January 2019.
Innovative Mattress Solutions
Z Gallerie
On March 11, 2019, Z Gallerie filed for bankruptcy. It was allegedly due to problems which had been self-imposed, a common reason listed in failing records. The manufacturer of home furnishings wanted to close 17 stores and was looking for buyers to avoid liquidation. SFGate said Z Gallerie would have benefited more from investing in lower-cost centers and more on e-commerce. Despite the growth, the issue is that they have not met their performance targets. A quick procedure to avoid a forced wipeout and futile reorganization efforts are expected at Z Gallerie.
Z Gallerie
