Africa, Business

Mattress Firm to be bought for $2.4 billion by Africa’s Steinhoff

Steinhoff International Holdings NV, Africa’s retailing giant but little-known outside the continent, has made its first foray into the U.S., agreeing to pay $2.4 billion for Sleepy’s owner, J.W. Childs Associates-backed Mattress Firm Holding Corp. Steinhoff SNH, +1.55% a family-owned furniture seller based outside Cape Town, South Africa, is called “Africa’s Ikea” for its home… Continue reading Mattress Firm to be bought for $2.4 billion by Africa’s Steinhoff

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