Mattress Firm controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Steinhoff accounting scandal and Mattress Firm losses
Mattress Firm's parent, Steinhoff International, became embroiled in an accounting scandal involving alleged fictitious or irregular transactions and misleading financial reporting over multiple years. The crisis impaired the parent group's finances and contributed to a substantial write-down associated with Mattress Firm, which was already under pressure from declining sales and over-expansion.
2017
Alleged bribery and inflated lease dispute
Mattress Firm sued two real-estate and construction executives, alleging that they accepted bribes and arranged above-market leases for company stores. The allegations became part of the scrutiny surrounding the retailer's rapid expansion and real-estate strategy.