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Retailer Mattress Firm said it plans to buy five of its local stores from a Birmingham franchisee for an undisclosed sum.
The mattress retailer has signed a letter of intent to buy the stores from Blue Ocean Waters LLC, which began opening local retail locations in 2007.The acquisition brings Mattress Firm’s corporate-owned stores total to 530 in 44 markets in 21 states, said a news release.
Logo from Mattress Firm.
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By Mark Welford, Dane Carlson and Cris Zimermann.
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