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Stock impact report

Tempur-Pedic accuses rival Mattress Firm of conspiracy [CNBC]

Tempur Sealy International, Inc. (TPX) 
Last tempur sealy international, inc. earnings: 4/30 06:37 am Check Earnings Report
Company Research Source: CNBC
Tempur-Pedic has filed a lawsuit against Mattress Firm, accusing the retailer of conspiring to sell products that bear a strong resemblance to its mattresses. The allegation marks an escalation of a bitter feud between the two companies after Mattress Firm last year ended its contract to sell Tempur-Sealy International mattresses in its more than 3,300 U.S. stores. Mattress Firm, the nation's largest mattress retailer, is reeling from declining sales, overexpansion and a financial scandal at its parent company, Steinhoff International. More from USA Today: There's a fierce battle over your bed: Industry goes to the mattresses With Mattress Firm reeling, Serta Simmons merges with bed-in-a-box company Tuft & Needle Online sales boom for mattresses squished into boxes Tempur-Sealy's North American division said in court papers that Mattress Firm has been selling a product marketed as Therapedic, copying the look and feel of the entire Tempur-Pedic brand and con Show less Read more
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