Years of over expansion finally caught up with the United States' largest mattress retailer.
Mattress Firm filed for Chapter 11 bankruptcy after much speculation. The retailing giant has over $1 billion in liabilities to over 50,000 creditors.
A restructuring plan is in place which includes closing 700 stores. The company owes some of the largest mattress manufacturers money.
Click on image to read full article.
This was clearly a money laundering business, who the heck buys mattresses often...
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The money laundering business is slow these days.
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largest retailer to a bankruptcy status. how could that happen? is it really money laundering?
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