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Article: FENWAY SNAPS UP NORTHWEST SLEEP SHOPS.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- June 10, 2000
- Author:
CopyrightCOPYRIGHT 2000 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fenway Partners, a New York investment group, is making an aggressive grab for the Northwest mattress market, making offers on sleep shops before the owners even know that they are interested in selling.
Affiliates of the company now own more than 50 stores in Washington and Oregon, with the purchase this week of Sleep Train, a Sacramento-based mattress store.
In March, Fenway Partners bought majority interest in Sleep Country USA, the Kent-based business founded by Sunny Kobe Cook.
Sleep Country USA President Barry Brown said he heard on the radio that the New York investment firm that owns his company has also bought his competitor, Sleep ...