American simmous bankruptcy protection fears recession in the second wave

American simmous bankruptcy protection fears recession in the second wave

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Guide language: Sunday 10 dec, the world's largest producer xi mengsai mattess Simmons (bankruptcy protection) in the United States, it lets fears, whether the U.S. economy could reflect the second wave into recession.

According to reports, Hong Kong "founder in 1875, expects global first developed a soft spring mattress, changed American life. The report says, American people often says, but the mattress replaced financial tsunami hitting the U.S. economy, let xi mengsai mattess sales stalled, firm performance and forced to severe downturn sought bankruptcy protection. At present, the company expects $13 billion dollars.

Analysis of the company and its subsidiaries, expects to sell will be two private-equity funds, trade value about 7.6 million dollars.

Xi mengsai company boss Thomas li is bought in 2003, the company expects to increase revenues in 2007. Bankruptcy reorganization is only give debenture holder loss up 5.75 billion us dollars, and bankruptcy protection, the company will also layoffs, more than 1,000 people in financial crisis for many employees.
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