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Business Briefing / Retail

Mattress maker to file Chapter 11

September 26, 2009|Times Wire Services

Simmons Co., the maker of Beautyrest mattresses, said it planned to file for Chapter 11 bankruptcy protection, a move that would put new owners in charge of the bedding unit and significantly lower the Atlanta company's debt.

Sales have slumped for mattress makers as consumers pull back on their spending during the recession, especially on big-ticket items.

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