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Mattress Firm, largest US mattress retailer, files for Chapter 11 bankruptcy protection

Lauren Hirsch

Mattress Firm expects to complete prepackaged restructuring within 45 to 60 days. The largest U.S. mattress retailer, Mattress Firm, said Friday it has filed for Chapter 11 bankruptcy protection, as its corporate parent battles an accounting scandal and the retailer grapples with an onerous store footprint. With new entrants like online retailer Casper now selling mattresses with little to no markup, that pricing umbrella has begun to collapse.

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