Tempur Sealy International, Inc. to Change its Name to Somnigroup International Inc.
Tempur Sealy International (NYSE: TPX) has announced it will change its name to Somnigroup International effective February 18, 2025, following its Mattress Firm acquisition. The new name, derived from Latin roots meaning sleep (somn) and all (omni), reflects the company's global omni-channel strategy.
Under the new structure, Mattress Firm, Dreams, and Tempur Sealy will operate as decentralized business units under Somnigroup. Mattress Firm and Dreams will continue as multi-branded retailers, while Tempur Sealy will maintain its manufacturing operations, serving third-party retailers and direct-to-consumer channels.
The company's shares will trade on the New York Stock Exchange under the new ticker symbol SGI. The rebranding aligns with the company's expanded vision to improve lives through better sleep and deliver long-term shareholder growth through innovation and industry expertise.
Tempur Sealy International (NYSE: TPX) ha annunciato che cambierà il suo nome in Somnigroup International a partire dal 18 febbraio 2025, in seguito all'acquisizione di Mattress Firm. Il nuovo nome, derivante da radici latine che significano sonno (somn) e tutto (omni), riflette la strategia globale omni-channel dell'azienda.
Sotto la nuova struttura, Mattress Firm, Dreams e Tempur Sealy opereranno come unità aziendali decentralizzate sotto Somnigroup. Mattress Firm e Dreams continueranno come rivenditori multi-brand, mentre Tempur Sealy manterrà le proprie operazioni di produzione, servendo rivenditori di terze parti e canali di vendita diretta al consumatore.
Le azioni dell'azienda saranno scambiate sulla Borsa di New York con il nuovo simbolo ticker SGI. Il rebranding si allinea con la visione ampliata dell'azienda di migliorare le vite attraverso un sonno migliore e di garantire una crescita a lungo termine per gli azionisti attraverso innovazione ed esperienza nel settore.
Tempur Sealy International (NYSE: TPX) ha anunciado que cambiará su nombre a Somnigroup International a partir del 18 de febrero de 2025, tras la adquisición de Mattress Firm. El nuevo nombre, derivado de raíces latinas que significan sueño (somn) y todo (omni), refleja la estrategia global omnicanal de la empresa.
Bajo la nueva estructura, Mattress Firm, Dreams y Tempur Sealy operarán como unidades de negocio descentralizadas bajo Somnigroup. Mattress Firm y Dreams continuarán como minoristas multimarca, mientras que Tempur Sealy mantendrá sus operaciones de fabricación, atendiendo a minoristas externos y canales de venta directa al consumidor.
Las acciones de la empresa se negociarán en la Bolsa de Nueva York bajo el nuevo símbolo bursátil SGI. El cambio de marca se alinea con la visión ampliada de la empresa para mejorar la vida a través de un mejor sueño y generar crecimiento a largo plazo para los accionistas mediante la innovación y la experiencia en la industria.
템퍼 시일리 인터내셔널 (NYSE: TPX)는 매트리스 펌(Mattress Firm) 인수 이후, 솜니그룹 인터내셔널(Somnigroup International)으로 이름을 변경한다고 발표했습니다. 새로운 이름은 잠자리를 의미하는 라틴어 'somn'과 모든 것을 의미하는 'omni'에서 유래되었으며, 회사의 글로벌 옴니채널 전략을 반영합니다.
새로운 구조 하에, 매트리스 펌, 드림스(Mattress Firm, Dreams) 및 템퍼 시일리가 솜니그룹 산하의 분산된 비즈니스 유닛으로 운영될 것입니다. 매트리스 펌과 드림스는 다브랜드 소매업체로 계속 운영되며, 템퍼 시일리는 제3자 소매업체 및 직접 소비자 판매 채널을 지원하기 위해 제조 작업을 유지할 것입니다.
회사의 주식은 뉴욕 증권거래소에서 새로운 티커 기호인 SGI로 거래될 것입니다. 브랜드 변경은 수면 개선을 통해 삶을 향상시키고 혁신 및 산업 전문성을 통해 장기적인 주주 가치를 창출하겠다는 회사의 확장된 비전과 일치합니다.
Tempur Sealy International (NYSE: TPX) a annoncé qu'elle changera son nom pour Somnigroup International à compter du 18 février 2025, suite à l'acquisition de Mattress Firm. Le nouveau nom, dérivé de racines latines signifiant sommeil (somn) et tout (omni), reflète la stratégie mondiale omnicanal de l'entreprise.
Dans la nouvelle structure, Mattress Firm, Dreams et Tempur Sealy fonctionneront en unités commerciales décentralisées sous Somnigroup. Mattress Firm et Dreams continueront en tant que détaillants multimarques, tandis que Tempur Sealy maintiendra ses opérations de fabrication, servant des détaillants tiers et des canaux de vente directe aux consommateurs.
Les actions de l'entreprise seront négociées à la Bourse de New York sous le nouveau symbole boursier SGI. Ce changement de marque s'aligne avec la vision étendue de l'entreprise d'améliorer la vie grâce à un meilleur sommeil et de garantir une croissance à long terme pour les actionnaires grâce à l'innovation et à l'expertise du secteur.
Tempur Sealy International (NYSE: TPX) hat angekündigt, dass es seinen Namen zu Somnigroup International ändern wird, ab dem 18. Februar 2025, nach der Übernahme von Mattress Firm. Der neue Name, abgeleitet von lateinischen Wurzeln, die Schlaf (somn) und alles (omni) bedeuten, spiegelt die globale Omni-Channel-Strategie des Unternehmens wider.
Unter der neuen Struktur werden Mattress Firm, Dreams und Tempur Sealy als dezentrale Geschäftseinheiten unter Somnigroup betrieben. Mattress Firm und Dreams werden weiterhin als Mehrmarkenhändler agieren, während Tempur Sealy seine Produktionsaktivitäten beibehalten wird, um Drittanbieter und Direktvertriebskanäle zu bedienen.
Die Aktien des Unternehmens werden an der New Yorker Börse unter dem neuen Tickersymbol SGI gehandelt. Das Rebranding steht im Einklang mit der erweiterten Vision des Unternehmens, das Leben durch besseren Schlaf zu verbessern und langfristiges Wachstum für die Aktionäre durch Innovation und Branchenerfahrung zu liefern.
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Chairman and CEO Scott Thompson said, "We are thrilled to announce a new name to our expanded vision. The name Somnigroup is derived from the Latin somn meaning sleep, omni meaning all, and "group" to represent our omni-channel strategy. The name Somnigroup International reflects our position as a global holding company and provider of sleep solutions with a portfolio of outstanding businesses – Tempur Sealy, Dreams and Mattress Firm – as well as the future direction of the company. We look forward to continuing to improve people's lives through better sleep for the next 100 years and beyond."
Mattress Firm, Dreams and Tempur Sealy will operate as decentralized business units under Somnigroup. Mattress Firm and Dreams will continue to operate as multi-branded retailers and Tempur Sealy, primarily a manufacturer, will continue to serve third-party retailers as well as Mattress Firm, Dreams and Tempur Sealy direct-to-consumer channels. The Company aims to deliver long-term growth for shareholders while serving the evolving needs of consumers worldwide through innovation, industry expertise and its portfolio of award-winning brands.
At the time of the Company's name change, shares of Somnigroup common stock will trade on the New York Stock Exchange under ticker symbol "SGI".
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 Tempur Sealy'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 Tempur Sealy International, Inc.
Tempur Sealy is committed to improving the sleep of more people, every night, all around the world. As a leading designer, manufacturer, distributor, and retailer of bedding products worldwide, we know how crucial a good night of sleep is to overall health and wellness. Utilizing over a century of knowledge and industry-leading innovation, we deliver award-winning products that provide breakthrough sleep solutions to consumers in over 100 countries.
Our highly recognized brands include Tempur-Pedic®, Sealy® and Stearns & Foster® and our popular non-branded offerings consist of value-focused private label and OEM products. At Tempur Sealy we understand the importance of meeting our customers wherever and however they want to shop and have developed a powerful omni-channel retail strategy. Our products allow for complementary merchandising strategies and are sold through third-party retailers, our 650+ Company-owned stores worldwide and our e-commerce channels. With the range of our offerings and variety of purchasing options, we are dedicated to continuing to turn our mission to improve the sleep of more people, every night, all around the world into a reality.
Importantly, we are committed to carrying out our global responsibility to protect the environment and the communities in which we operate. As part of that commitment, we have established the goal of achieving carbon neutrality for our global wholly owned operations by 2040.
Tempur Sealy Investor Relations Contact
Aubrey Moore
Investor Relations
Tempur Sealy International, Inc.
800-805-3635
Investor.relations@tempursealy.com
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SOURCE Tempur Sealy International, Inc.
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