Tempur Sealy Completes Name Change to Somnigroup International
Tempur Sealy International has completed its transformation to Somnigroup International (NYSE: SGI), now trading under the new ticker symbol 'SGI'. The company, positioned as the world's largest bedding company, derives its new name from Latin roots signifying sleep ('somn') and all-encompassing ('omni').
The company's portfolio includes major brands like Tempur-Pedic, Sealy, Stearns & Foster, and Sleepy's, alongside private label and OEM products. Somnigroup's integrated structure encompasses Tempur Sealy, Dreams, and Mattress Firm operations, supporting a global omni-channel strategy to serve consumers across all shopping platforms.
Tempur Sealy International ha completato la sua trasformazione in Somnigroup International (NYSE: SGI), ora quotata sotto il nuovo simbolo 'SGI'. L'azienda, posizionata come il più grande produttore di materassi al mondo, deriva il suo nuovo nome da radici latine che significano sonno ('somn') e totale ('omni').
Il portafoglio dell'azienda include marchi importanti come Tempur-Pedic, Sealy, Stearns & Foster e Sleepy's, insieme a prodotti a marchio privato e OEM. La struttura integrata di Somnigroup comprende le operazioni di Tempur Sealy, Dreams e Mattress Firm, supportando una strategia globale omni-canale per servire i consumatori su tutte le piattaforme di acquisto.
Tempur Sealy International ha completado su transformación a Somnigroup International (NYSE: SGI), ahora cotizando bajo el nuevo símbolo 'SGI'. La compañía, posicionada como el mayor fabricante de colchones del mundo, deriva su nuevo nombre de raíces latinas que significan sueño ('somn') y todo abarcador ('omni').
El portafolio de la empresa incluye marcas importantes como Tempur-Pedic, Sealy, Stearns & Foster y Sleepy's, junto con productos de marca privada y OEM. La estructura integrada de Somnigroup abarca las operaciones de Tempur Sealy, Dreams y Mattress Firm, apoyando una estrategia global omni-canal para servir a los consumidores en todas las plataformas de compra.
템퍼 시일리 인터내셔널이 솜니그룹 인터내셔널 (NYSE: SGI)로의 변화를 완료하였으며, 이제 새로운 티커 기호 'SGI'로 거래되고 있습니다. 세계 최대의 침대 회사로 자리 잡은 이 회사는 라틴어 뿌리에서 유래하여 '잠'을 의미하는 ('somn')과 '모든 것을 포괄하는' ('omni') 의미를 갖고 있습니다.
회사의 포트폴리오에는 템퍼-페딕, 시일리, 스터너스 & 포스터, 슬립리스와 같은 주요 브랜드가 포함되어 있으며, 프라이빗 라벨 및 OEM 제품도 포함됩니다. 솜니그룹의 통합 구조는 템퍼 시일리, 드림스, 매트리스 펌의 운영을 포함하여 모든 쇼핑 플랫폼에서 소비자에게 서비스를 제공하기 위한 글로벌 옴니채널 전략을 지원합니다.
Tempur Sealy International a achevé sa transformation en Somnigroup International (NYSE: SGI), qui est désormais négociée sous le nouveau symbole 'SGI'. L'entreprise, positionnée comme le plus grand fabricant de literie au monde, tire son nouveau nom de racines latines signifiant sommeil ('somn') et omniprésent ('omni').
Le portefeuille de l'entreprise comprend des marques majeures telles que Tempur-Pedic, Sealy, Stearns & Foster et Sleepy's, ainsi que des produits de marque distributeur et OEM. La structure intégrée de Somnigroup englobe les opérations de Tempur Sealy, Dreams et Mattress Firm, soutenant une stratégie omnicanale mondiale pour servir les consommateurs sur toutes les plateformes d'achat.
Tempur Sealy International hat seine Transformation zu Somnigroup International (NYSE: SGI) abgeschlossen und handelt nun unter dem neuen Tickersymbol 'SGI'. Das Unternehmen, das sich als der weltweit größte Matratzenhersteller positioniert, leitet seinen neuen Namen von lateinischen Wurzeln ab, die Schlaf ('somn') und allumfassend ('omni') bedeuten.
Das Portfolio des Unternehmens umfasst bedeutende Marken wie Tempur-Pedic, Sealy, Stearns & Foster und Sleepy's, sowie Produkte von Eigenmarken und OEM. Die integrierte Struktur von Somnigroup umfasst die Betriebe von Tempur Sealy, Dreams und Mattress Firm und unterstützt eine globale Omni-Channel-Strategie, um Verbraucher über alle Einkaufsplattformen hinweg zu bedienen.
- World's largest bedding company with comprehensive design, manufacturing, distribution, and retail capabilities
- Diversified sales streams through multiple recognized brands and private label products
- Integrated omni-channel strategy with global market presence
- Integration risks associated with Mattress Firm acquisition
- Exposure to retail sector challenges and consumer confidence fluctuations
- Vulnerability to macroeconomic conditions in U.S. and international markets
Scott Thompson, Somnigroup Chairman and CEO said, "Somnigroup is the world's largest bedding company, with superior capabilities in design, manufacturing, distribution and retail while owning a portfolio of the most highly recognized brands in the industry.
The name Somnigroup is derived from the Latin words "somn," meaning sleep, "omni," meaning all, and "group" to reflect our position as a global provider of sleep solutions with an integrated omni-channel strategy.
Somnigroup has a portfolio of outstanding businesses – Tempur Sealy, Dreams and Mattress Firm. Our portfolio of iconic brands includes Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's, in addition to our private label and OEM products, all diversifying sales streams across our global platform that allows us to meet consumers wherever they shop.
"We are committed to providing breakthrough sleep solutions that meet the diverse sleep needs of consumers all over the world, while delivering long-term growth for our shareholders. We look forward to continuing to improve people's lives through better sleep for the next 100 years and beyond," continued Thompson.
For more information about Somnigroup and its portfolio of award-winning brands and products, visit: www.Somnigroup.com.
Forward-Looking Statements
This press release contains statements that may be characterized as "forward-looking" within the meaning of the federal securities laws. Such statements might include information concerning one or more of the Company's plans, guidance, objectives, goals, strategies, and other information that is not historical information. When used in this release, the words "will," "targets," "expects," "anticipates," "plans," "proposed," "intends," and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements relating to the Company's expectations regarding the completed Mattress Firm acquisition, including expectations regarding future performance and integration of Mattress Firm with our business. Any forward-looking statements contained herein are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct.
Numerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements. These potential risks include risks associated with Mattress Firm's ongoing operations; the ability to successfully integrate Mattress Firm into Somnigroup's operations and realize synergies from the transaction; the possibility that the expected benefits of the acquisition are not realized when expected or at all; general economic, financial and industry conditions, particularly conditions relating to the financial performance and related credit issues present in the retail sector, as well as consumer confidence and the availability of consumer financing; the impact of the macroeconomic environment in both the
About Somnigroup
Somnigroup (NYSE: SGI) is the world's largest bedding company, dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy® and Stearns & Foster®, and our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.
We seek to deliver long-term value for our shareholders through prudent capital allocation, including managing investments in our businesses. We are guided by our core value of Doing the Right Thing and committed to our global responsibility to protect the environment and the communities in which we operate. For more information, please visit www.Somnigroup.com.
Somnigroup Investor Relations Contact
Aubrey Moore
Investor Relations
Somnigroup International Inc.
800-805-3635
Investor.relations@somnigroup.com
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SOURCE Somnigroup International
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