Sleep Country Canada

Sleep Country Canada
Industry Retail
Headquarters Toronto, Ontario, Canada
Key people
Stephen K. Gunn, Christine Magee
Products Mattresses, Bed frames, Headboards, Bed linens, Pillows
Number of employees
674[1]
Website www.sleepcountry.ca

Sleep Country Canada is a major mattress retailer in Canada, with over 140 stores operating in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec.

The company was ranked one of the top 50 companies to work for in Canada by the Globe and Mail. It is best known for its radio jingle, "Why buy a mattress anywhere else?"

Sleep Country USA, an unaffiliated company, uses the same jingle.

History

In 1994, the three partners Christine Magee, Stephen K. Gunn and Gordon Lownds launched the first four Sleep Country locations in Vancouver. By 1996, the chain had expanded to Toronto with 19 new stores. Growth continued at quick rate. By 2001, the company had 72 stores in six regional markets and an estimated 40% of the market in regions where it operated. In 2003, Sleep Country converted into an income trust. This raised nearly $130 million (C$) in an initial public offering.

In 2006, the company made two acquisitions. In January, it purchased Dormez-vous Sleep Centres Inc. with five stores in Montreal. In March, it added 32 stores in the US through the completion of an acquisition of Sleep America Inc., the leading mattress retailer in Arizona.

On August 14, 2008, The Canadian Press reported that two Toronto-based investment firms, Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc., made a friendly takeover offer worth $356 million (CAD) for all the units of the Sleep Country Canada Income Fund, the parent company of Sleep Country Canada.[2]

Awards

Community service

Sleep Country supports numerous charities and community initiatives across Canada. Some of the programs in which they are involved include:

References

External links

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