Sherwood Bedding Company has announced a strategic investment from Steinhoff, representing a majority ownership in Sherwood. The partnership represents the first US mattress manufacturing investment by Steinhoff International. Sherwood is the fifth largest mattress manufacturer in the US. The transaction is expected to close by July 15, 2017. Steinhoff, an integrated retailer that manufactures, sources and sells furniture, household goods and clothing in Europe, Africa and Australasia, announced in September the completion of an agreement to acquire Mattress Firm, the largest mattress retailer...

Britain should listen to pay bodies on public-sector rises: minister World News | Sun Jul 2, 2017 | 7:38am EDT Britain should listen to pay bodies on public-sector rises: minister Britain's Secretary of State for Environment, Food and Rural Affairs, Michael Gove, is seen speaking on the BBC's Andrew Marr Show, in this photograph received via the BBC, in London, Britain, July 2, 2017. Jeff Overs/BBC/Handout via REUTERS Britain's Secretary of State for Environment, Food and Rural Affairs, Michael Gove, is seen speaking on the BBC's Andrew Marr Show, in this photograph received via the BBC, in...

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Bob Sherman loomed large on Las Vegas bedding scene A five-story tall picture of Bob Sherman sparked discussion at the Las Vegas Market. There he was, much larger than life, once again dominating the mattress scene at the bedding-rich Las Vegas Market. Bob Sherman’s industry comeback is now under way at Restonic , a fact advertised with a huge banner on the World Market Center parking deck. The banner pictured Sherman holding the Restonic logo and just a few well chosen words: “Bob Sherman” in the lower left corner and “Space B926” in the lower right corner. Call that his new business card,...