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Sleep Number Gets OK For $702M Sale To Canadian Co.

By Rick Archer · July 20, 2026, 4:04 PM EDT

A New York bankruptcy judge Monday approved the nearly $702 million sale of mattress company Sleep Number to a Canadian bedding retailer, following an agreement to postpone potential future severance payments...

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Bankruptcy Scorecard

Summary

Personalized mattress retailer Sleep Number Corp. filed for Chapter 11 protection to hold a quick auction process backed by a stalking horse offer from Sleep Country Canada.

Case Number

Kyu Young Paek

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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Related Sections

Case Information

Case Title

Sleep Number Corporation

Case Number

1:26-bk-11399

Court

New York Southern

Nature of Suit

Date Filed

June 12, 2026

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