ANOTHER MATTRESS GIANT GOES UNDER

$70 Million Sleep Empire Filed Bankruptcy as Metro Mattress Permanently shuts down after 49 years.
1. Metro currently has 8.88 million in assets and 23.7 in liabilities, creating. $14.82 million shortfall.
2. They will undergo a five week liquidation to try to sell everything.
3. The stores featured Tempur-Pedic and Sealy products.
4. The company aggressively over expanded in the past, leading to its downfall.
#humanresources #business #mattrieck #metromatress #bankruptcy