Is Simmons bankrupt?

Answer:
Yes they are bankrupt. Serta is buying them. The Simmons corporate office in Atlanta will be closing as well as most of their plants. Serta will likely use some of Simmons plants after the acquisition and get rid of licensee plants in Seattle and Salt Lake City. Charlie Eitel, their former CEO, will return to help close the offices and plants.
First answer by ID0216749442. Last edit by ID0216749442. Question popularity: 15 [recommend question].

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