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Archive Home > 2009 > September > 26 > Simmons plans to file for Chapter 11

Simmons plans to file for Chapter 11


September 26, 2009

ATLANTA — Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection, a move that will put new owners in charge of the bedding unit and significantly lower the company’s debt. Sales have slumped for mattress-makers as consumers pull....

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