1-800-Mattress
Largest 1-800-Mattress Franchise Group Challenges Sale to Sleepy's
Published in Lab Law Weekly, April 10th, 2009
The franchisee is offering the franchisor better terms on "Debtor-In-Possession" ("DIP") financing than offered by Sleepy's earlier this week.
Consolidated and Amalgamated, an independent franchise group, whose operations remain entirely outside the present bankruptcy, is operating "business as usual," and has a strong financial position.
The...
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Source: Lab Law Weekly (2009-04-10)
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