We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Made its bed

8 August 2016 By Andy Critchlow

The South African retailer is paying $3.8 billion for U.S. speciality bedding retailer Mattress Firm, a chunky 115 percent premium that promises a return of just 5 percent. If South Africa’s prospects weren’t so troubling, such a deal wouldn’t be worth getting out of bed for.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)