Tag Archives: Simmons

Furniture Industry Group Plans High Point Lunch for Young Members

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ROSEVILLE, Calif.–Enthusiasm for the North American Home Furnishings Association’s recent luncheon program for younger members has prompted another such gathering at High Point Market in October. Lunch with Leaders was held for Next Generation Now members at Las Vegas Market last month. City Furniture President Keith Koenig, Gallery Furniture President Jim McIngvale and Steinhafels PresidentMore »

Simmons Debuts “Smart” Mattress

Web page for the ComforPedic iQ

ATLANTA-Simmons has unveiled the ComforPedic iQ mattress, which the company described as its “smartest” and most innovative mattress yet. The ComforPedic iQ is designed with Smart Response Technology, which is designed to help people fall asleep faster and experience increased REM sleep. The technology continually calibrates and naturally adapts to an individual’s body weight andMore »

Ares, Serta and Simmons Parent, Launches IPO

Ares Management

NEW YORK-Ares Management, one of the parent companies of mattress manufacturers Serta and Simmons and of retailer Neiman Marcus, has begun an initial public offering, according to a filing with the U.S. Securities and Exchange Commission. The filing did not specify how many shares are in the IPO, or the price per share, nor didMore »

Neiman Marcus Sold to Ares, Canada Pension Plan Investment Board

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TORONTO-Ares Management, co-owner of mattress manufacturers Serta and Simmons, has allied with the Canada Pension Plan Investment Board (CPPIB) to acquire Neiman Marcus Group from private-equity firms TPG Capital and Warburg Pincus for $6 billion. Under the terms of the deal, Ares and CPPIB will hold an equal interest in Neiman Marcus, and the retailer’sMore »