The initiative also comes as a growing number of U.S. Now, as a strained economy has curbed spending on travel-and with average prices on Airbnb up 36 percent since 2019-the company is promoting a new dedicated Rooms category. While customers have always been able to rent a room in a shared space, Airbnb has focused in recent years on renting out entire homes and apartments, along with testing bigger offerings like guided trips and hotels. Following the purchase, Mattress Firm will continue to operate as an independent entity within Tempur Sealy, with the combined company set to operate a footprint of about 3,000 stores globally, 30 online platforms and 71 manufacturing facilities.Īirbnb is reintroducing the single-room rental concept the company debuted as its main offering when it launched in 2008, TechCrunch reports, in a move designed to assuage customer outcry about the platform’s rising costs. The move comes just a few months after Mattress Firm withdrew its plans to go public, citing a slowdown in sales following the rapid growth it experienced during the early months of the pandemic. Tempur Sealy International signed a deal to acquire retailer Mattress Firm in a $4 billion cash-and-stock deal expected to close in the second half of 2024, Reuters reports. “That said, we stand by our third-party certifications and the organizations that audit, screen and test our products.” “We cannot comment specifically on the case, which we intend to contest,” the company said in a statement issued to Furniture Today. They allege that accredited lab testing of Avocado’s Green Mattress revealed the presence of chemicals like Wingstay L-which may cause birth defects and reproductive harm-along with other substances associated with eye, skin and respiratory irritation. Pina and Roberts separately purchased Avocado products online in 20, then sent materials this year to a University of Wisconsin–Madison rubber-formulation expert. Filed by California residents Akeem Pina and Richard Roberts, the federal lawsuit accuses the company of fraud, negligent misrepresentation, unfair and unlawful trade practices and false advertising, among other claims. Stay in the know with our weekly roundup of headlines, launches, events, recommended reading and more.Īvocado, a Hoboken, New Jersey–based direct-to-consumer mattress brand, is facing a class action complaint accusing the company of misleading consumers by claiming its products are made of “organic, natural and non-toxic materials,” Furniture Today reports. The coronation of King Charles III drew global attention this weekend, but design lovers had their eyes on the once-in-a-lifetime event’s decor-including a textile screen that concealed the king during the ceremony, a wooden throne dating back to 1296 and the first glimpse of a centuries-old mosaic floor uncovered in the historic Westminster Abbey.
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