In 2006, the company was ranked one of the top 50 companies to work for in Canada by the Globe and Mail. It is best known for its radio jingle, "Why buy a mattress anywhere else? Ding!"
Sleep Country USA (now called Mattress Firm), an unaffiliated company, uses the same jingle.
History
In 1994, the three partners Christine Magee, Stephen K. Gunn and Gordon Lownds launched the first four Sleep Country locations in Vancouver. By 1996, the chain had expanded to Toronto with 19 new stores. Growth continued at quick rate. By 2001, the company had 72 stores in six regional markets and an estimated 40% of the market in regions where it operated. In 2003, Sleep Country converted into an income trust, and raised nearly CA$130 million in an initial public offering.
In January 2006 the company Dormez-vous Sleep Centres Inc. with five stores in Montreal. In March 2006 it added 32 stores in the US through an acquisition of Sleep America Inc., a mattress retailer in Arizona.
On August 14, 2008, The Canadian Press reported that two Toronto-based investment firms, Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc., made a friendly takeover offer worth $356 million (CAD) for all the units of the Sleep Country Canada Income Fund, the parent company of Sleep Country Canada.[2] This offer was accepted.
In 2015, the company went public again, in an IPO on the Toronto Stock Exchange raising $300 million.[3] Its new ticker symbol was "ZZZ".
References
^"Company Profile for Sleep Country Canada Income Fund (CA;Z.UN)". Retrieved 2008-10-16.
^Sleep Country Canada gets $356-million friendly takeover offer. Canadian Press. August 14, 2008. Retrieved on August 14, 2008. September 13, 2008, at the Wayback Machine
^"ZZZ... Sleep Country Canada returns to TSX after 7-year absence". CBC News. July 16, 2015. Retrieved 2019-10-20.{{cite news}}: CS1 maint: url-status (link)
External links
Official website
March 18, 2023
sleep, country, canada, holdings, canadian, mattress, retailer, with, over, stores, operating, british, columbia, alberta, saskatchewan, manitoba, ontario, quebec, brunswick, prince, edward, island, nova, scotia, holdings, typepublictraded, astsx, zzzs, compos. Sleep Country Canada Holdings Inc is a Canadian mattress retailer and with over 250 stores operating in British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Prince Edward Island and Nova Scotia Sleep Country Canada Holdings Inc TypePublicTraded asTSX ZZZS amp P TSX Composite ComponentIndustryRetailFounded1994 29 years ago 1994 Vancouver British Columbia Canada FoundersChristine MageeStephen K GunnGordon LowndsHeadquartersToronto Ontario CanadaNumber of locations264 stores16 distribution centresArea servedBritish Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Prince Edward Island and Nova ScotiaKey peopleStephen K Gunn Christine Magee David FriesmaProductsMattresses Bed frames Headboards Bed linens PillowsOwnerBirch Hill Equity Partners ManagementWesterkirk CapitalNumber of employees1 200 1 SubsidiariesEndy SleepWebsitewww wbr sleepcountry wbr caSleep Country in Richmond Hill ON A Sleep Country store in Markham Ontario In 2006 the company was ranked one of the top 50 companies to work for in Canada by the Globe and Mail It is best known for its radio jingle Why buy a mattress anywhere else Ding Sleep Country USA now called Mattress Firm an unaffiliated company uses the same jingle History EditIn 1994 the three partners Christine Magee Stephen K Gunn and Gordon Lownds launched the first four Sleep Country locations in Vancouver By 1996 the chain had expanded to Toronto with 19 new stores Growth continued at quick rate By 2001 the company had 72 stores in six regional markets and an estimated 40 of the market in regions where it operated In 2003 Sleep Country converted into an income trust and raised nearly CA 130 million in an initial public offering In January 2006 the company Dormez vous Sleep Centres Inc with five stores in Montreal In March 2006 it added 32 stores in the US through an acquisition of Sleep America Inc a mattress retailer in Arizona On August 14 2008 The Canadian Press reported that two Toronto based investment firms Birch Hill Equity Partners Management Inc and Westerkirk Capital Inc made a friendly takeover offer worth 356 million CAD for all the units of the Sleep Country Canada Income Fund the parent company of Sleep Country Canada 2 This offer was accepted In 2015 the company went public again in an IPO on the Toronto Stock Exchange raising 300 million 3 Its new ticker symbol was ZZZ References Edit Company Profile for Sleep Country Canada Income Fund CA Z UN Retrieved 2008 10 16 Sleep Country Canada gets 356 million friendly takeover offer Canadian Press August 14 2008 Retrieved on August 14 2008 Archived September 13 2008 at the Wayback Machine ZZZ Sleep Country Canada returns to TSX after 7 year absence CBC News July 16 2015 Retrieved 2019 10 20 a href Template Cite news html title Template Cite news cite news a CS1 maint url status link External links EditOfficial website Retrieved from https en wikipedia org w index php title Sleep Country Canada amp oldid 1107934132, wikipedia, wiki, book, books, library,
