It is a condensed emotional expression of the corporate policy
Chinese Bidders Circle 400m Dreams Takeover
2021-01-27
pinpai
32
Chinese suitors are vying to hop in to bed with bedroom and mattress retailer Dreams in a 400m takeover.The company was put up for sale at the start of the year by private equity firm Sun European Partners, who have hired Rothschild to run an auction.It is understood that first round bidders include MLily, the biggest memory foam manufacturer in China which recently signed a five-year partnership with Manchester United to help with the sleep and recovery of its players.
MLily is also up against rival mattress maker King Koil China, which private equity firm Advent bought a majority stake in last November.It is understood that South African giant Steinhoff had explored a takeover but abandoned. Telegraph Media Group Limited 2019Need help?
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