The U.S. Federal Trade Commission (FTC) has unanimously voted to block Tempur Sealy International’s $4 billion proposed acquisition of Mattress Firm, the largest mattress retailer in the United States. The FTC argues that the merger would significantly reduce competition in the mattress industry, potentially leading to higher prices and job losses. Tempur Sealy, ranked No. 156 in Digital Commerce 360’s Top 1000 list of North America’s leading online retailers, stands by its intention to complete the deal and prepares for litigation in the U.S. District Court for the Southern District of Texas. The FTC’s complaint highlights Mattress Firm’s critical role in the market and accuses Tempur Sealy of using exclusionary tactics to stifle competition. Tempur Sealy disputes these claims, arguing that the bedding industry remains highly competitive and diverse. The company remains confident that it will prevail in court and aims to close the transaction by late 2024 or early 2025.

Mergers and Acquisitions, Retail, Regulatory Affairs,United States