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Steinhoff subsidiary SUSHI seeks UK scheme recognition to help Mattress Firm

By Declan Bush

25 October 2018

A Delaware subsidiary of embattled South African retail conglomerate Steinhoff has filed for US recognition of an English scheme of arrangement it began this week, in a bid to shore up the Chapter 11 restructuring of the group’s sagging Mattress Firm.

Steinhoff subsidiary SUSHI seeks UK scheme recognition to help Mattress Firm SUSHI has filed for Chapter 15 recognition of an English restructuring scheme. (Credit: iStock.com/_LeS_)