Mattress Upstart Tuft & Needle Agrees To Merge With Serta Simmons In Big Win For Cofounders Daehee Park And JT Marino [Forbes]
Movado Group Inc. (MOV)
Last movado group inc. earnings: 3/26 06:45 am
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Source: Forbes
Tuft & Needle cofounders JT Marino (left) and Daehee Park at the company's first store in San Francisco's design district. Courtesy of Tuft & Needle Tuft & Needle cofounders Daehee Park and JT Marino never brought in venture capital or other outside funding as competing mattress upstarts did. That gives them a big win as they agreed to merge their six-year-old company with longstanding mattress maker Serta Simmons Bedding . The deal is the latest sign of the shakeout in the $17 billion mattress industry where direct-to-consumer businesses like Casper, Leesa and Purple, in addition to Tuft & Needle, have grabbed some 20% of the mattress business by selling direct to consumers. The old way of doing business has been under such pressure that leading retailer Mattress Firm, with which Serta Simmons has a long-term relationship, has reportedly been exploring a potential bankruptcy filing. Selling out to Big Mattress, as some observers refe
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News
- Don't Race Out To Buy Movado Group, Inc. (NYSE:MOV) Just Because It's Going Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America Sales [Yahoo! Finance]Yahoo! Finance
- Movado Group Announces Appointment of Debbie Forman-Pavan as President of North America SalesBusiness Wire
- Movado Group, Inc. Just Beat EPS By 9.9%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Movado Group, Inc. (NYSE:MOV) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MOV
Earnings
- 8/24/23 - Beat
MOV
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MOV's page on the SEC website